Mondelez International, Inc. (MDLZ) Shares Bought by Factory Mutual Insurance Co.
Factory Mutual Insurance Co. lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 873,200 shares of the company’s stock after buying an additional 70,000 shares during the quarter. Factory Mutual Insurance Co. owned approximately 0.06% of Mondelez International worth $37,714,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Mondelez International by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock worth $4,205,971,000 after buying an additional 2,720,253 shares during the period. Geode Capital Management LLC raised its stake in shares of Mondelez International by 7.2% during the 1st quarter. Geode Capital Management LLC now owns 15,445,600 shares of the company’s stock worth $664,480,000 after buying an additional 1,041,124 shares during the period. Lindsell Train Ltd raised its stake in shares of Mondelez International by 23.3% during the 1st quarter. Lindsell Train Ltd now owns 14,507,710 shares of the company’s stock worth $624,992,000 after buying an additional 2,740,400 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of Mondelez International by 32.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 12,509,846 shares of the company’s stock worth $538,924,000 after buying an additional 3,056,900 shares during the period. Finally, Parnassus Investments CA raised its stake in shares of Mondelez International by 9.8% during the 1st quarter. Parnassus Investments CA now owns 11,466,220 shares of the company’s stock worth $478,548,000 after buying an additional 1,020,219 shares during the period. 75.88% of the stock is owned by institutional investors and hedge funds.
Mondelez International, Inc. (NASDAQ MDLZ) traded down 0.24% on Tuesday, reaching $41.09. The company had a trading volume of 1,912,110 shares. The company has a market capitalization of $61.95 billion, a PE ratio of 36.14 and a beta of 1.20. The company’s 50-day moving average is $42.86 and its 200-day moving average is $44.15. Mondelez International, Inc. has a 52-week low of $40.22 and a 52-week high of $47.23.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Wednesday, August 2nd. The company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. The company had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.98 billion. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. Mondelez International’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.44 earnings per share. Equities analysts anticipate that Mondelez International, Inc. will post $2.12 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.14%. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, September 28th. Mondelez International’s payout ratio is presently 66.67%.
In other Mondelez International news, EVP Maurizio Brusadelli sold 6,248 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total transaction of $273,412.48. Following the sale, the executive vice president now directly owns 61,651 shares in the company, valued at $2,697,847.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.60% of the stock is currently owned by insiders.
Several brokerages have recently weighed in on MDLZ. Piper Jaffray Companies began coverage on Mondelez International in a research note on Wednesday, May 24th. They set a “neutral” rating and a $48.00 target price for the company. BidaskClub downgraded Mondelez International from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. UBS AG reaffirmed a “buy” rating and set a $51.00 target price on shares of Mondelez International in a research note on Thursday, July 6th. Susquehanna Bancshares Inc reaffirmed a “hold” rating on shares of Mondelez International in a research note on Wednesday, August 2nd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Mondelez International in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Mondelez International currently has an average rating of “Buy” and a consensus price target of $50.33.
Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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