Pershing Square Capital Management, L.P.

stated that they own a 5% stake in Mondelez International, Inc. (NASDAQ:MDLZ) in a Form 13D/A disclosure that was filed with the Securities and Exchange Commission on Friday, October 6th. The investor owns 74,983,195 shares of the stock valued at approximately $3,083,683,894. The reporting parties listed on the disclosure included Pershing Square Capital Management, LP, PS Management GP, LLC and William A Ackman. The filing is available through Edgar at this link.

Several other hedge funds have also recently added to or reduced their stakes in MDLZ. Proficio Capital Partners LLC grew its stake in shares of Mondelez International by 637.3% during the first quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock worth $105,000 after purchasing an additional 1,963 shares during the period. V Wealth Management LLC acquired a new stake in shares of Mondelez International during the second quarter worth $116,000. Acrospire Investment Management LLC grew its stake in shares of Mondelez International by 1,450.0% during the second quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock worth $134,000 after purchasing an additional 2,900 shares during the period. Assetmark Inc. grew its stake in shares of Mondelez International by 13.5% during the first quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock worth $145,000 after purchasing an additional 401 shares during the period. Finally, Chicago Partners Investment Group LLC grew its stake in shares of Mondelez International by 2,056.3% during the second quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock worth $157,000 after purchasing an additional 3,434 shares during the period. Institutional investors own 75.84% of the company’s stock.

A number of research analysts have issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating and issued a $53.00 target price (down from $54.00) on shares of Mondelez International in a research note on Monday, July 31st. BidaskClub cut Mondelez International from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. Piper Jaffray Companies reissued a “buy” rating and issued a $49.00 target price on shares of Mondelez International in a research note on Tuesday, September 19th. Susquehanna Bancshares Inc reissued a “hold” rating on shares of Mondelez International in a research note on Wednesday, August 2nd. Finally, UBS AG reissued a “buy” rating and issued a $51.00 target price on shares of Mondelez International in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $50.54.

TRADEMARK VIOLATION WARNING: “5% Stake of Mondelez International, Inc. (MDLZ) Held by Pershing Square Capital Management, L.P.” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark laws. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/10/06/5-stake-of-mondelez-international-inc-mdlz-held-by-pershing-square-capital-management-l-p.html.

Mondelez International, Inc. (NASDAQ:MDLZ) traded up 0.07% during mid-day trading on Friday, reaching $41.13. The company’s stock had a trading volume of 5,047,080 shares. Mondelez International, Inc. has a 52-week low of $40.04 and a 52-week high of $47.23. The company has a market cap of $62.01 billion, a price-to-earnings ratio of 36.17 and a beta of 1.20. The firm has a 50 day moving average price of $41.21 and a 200 day moving average price of $43.70.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. The firm had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.98 billion. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The company’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 earnings per share. Equities research analysts anticipate that Mondelez International, Inc. will post $2.11 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be paid a $0.22 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Thursday, September 28th. Mondelez International’s dividend payout ratio is presently 77.19%.

In related news, EVP Maurizio Brusadelli sold 6,248 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total value of $273,412.48. Following the completion of the transaction, the executive vice president now directly owns 61,651 shares of the company’s stock, valued at $2,697,847.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Daniel P. Myers sold 7,000 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total transaction of $286,580.00. Following the completion of the transaction, the executive vice president now directly owns 20,965 shares of the company’s stock, valued at $858,307.10. The disclosure for this sale can be found here. 3.60% of the stock is owned by corporate insiders.

Mondelez International 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.

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

Receive News & Stock Ratings for Mondelez International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International Inc. and related stocks with our FREE daily email newsletter.