Baxter Bros Inc. continued to hold its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,247 shares of the company’s stock at the end of the 2nd quarter. Baxter Bros Inc.’s holdings in Mondelez International were worth $227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of MDLZ. Advisor Partners LLC boosted its position in shares of Mondelez International by 7.3% during the 2nd quarter. Advisor Partners LLC now owns 36,802 shares of the company’s stock worth $1,589,000 after purchasing an additional 2,488 shares during the period. British Airways Pensions Investment Management Ltd boosted its position in shares of Mondelez International by 139.9% during the 2nd quarter. British Airways Pensions Investment Management Ltd now owns 570,782 shares of the company’s stock worth $24,638,000 after purchasing an additional 332,822 shares during the period. Palisade Capital Management LLC NJ boosted its position in shares of Mondelez International by 2.7% during the 2nd quarter. Palisade Capital Management LLC NJ now owns 194,159 shares of the company’s stock worth $8,386,000 after purchasing an additional 5,091 shares during the period. Endurance Wealth Management Inc. boosted its position in shares of Mondelez International by 1.4% during the 2nd quarter. Endurance Wealth Management Inc. now owns 153,656 shares of the company’s stock worth $6,636,000 after purchasing an additional 2,070 shares during the period. Finally, AT Bancorp boosted its position in shares of Mondelez International by 7.6% during the 2nd quarter. AT Bancorp now owns 35,033 shares of the company’s stock worth $1,514,000 after purchasing an additional 2,467 shares during the period. 75.84% of the stock is owned by institutional investors and hedge funds.

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Shares of Mondelez International, Inc. (NASDAQ MDLZ) opened at 40.57 on Thursday. The firm has a market capitalization of $61.16 billion, a price-to-earnings ratio of 35.68 and a beta of 1.20. Mondelez International, Inc. has a 12-month low of $40.04 and a 12-month high of $47.23. The firm’s 50-day moving average is $42.26 and its 200-day moving average is $43.99.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.02. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The company had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.98 billion. During the same period in the previous year, the firm earned $0.44 earnings per share. Mondelez International’s revenue for the quarter was down 5.0% on a year-over-year basis. Equities research analysts forecast that Mondelez International, Inc. will post $2.12 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.22 per share. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a yield of 2.17%. The ex-dividend date is Thursday, September 28th. Mondelez International’s payout ratio is currently 66.67%.

In other Mondelez International news, EVP Daniel P. Myers sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total transaction of $286,580.00. Following the completion of the sale, the executive vice president now directly owns 20,965 shares in the company, valued at $858,307.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Maurizio Brusadelli sold 6,248 shares of the business’s stock in a transaction that occurred 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 owns 61,651 shares of the company’s stock, valued at $2,697,847.76. The disclosure for this sale can be found here. 3.60% of the stock is owned by insiders.

A number of research firms recently weighed in on MDLZ. Susquehanna Bancshares Inc reaffirmed a “hold” rating on shares of Mondelez International in a research report on Wednesday, August 2nd. UBS AG reaffirmed a “buy” rating and set a $51.00 price objective on shares of Mondelez International in a research report on Wednesday, August 9th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Mondelez International in a research report on Wednesday, September 20th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $53.00 price objective (down previously from $54.00) on shares of Mondelez International in a research report on Monday, July 31st. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $49.00 price objective on shares of Mondelez International in a research report on Tuesday, September 19th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $50.69.

About Mondelez International

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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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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