Legal & General Group Plc decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,367,355 shares of the company’s stock after selling 87,894 shares during the period. Legal & General Group Plc owned about 0.49% of Mondelez International worth $318,205,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MDLZ. CGOV Asset Management increased its holdings in shares of Mondelez International by 9.4% during the first quarter. CGOV Asset Management now owns 15,100 shares of the company’s stock worth $867,000 after buying an additional 1,300 shares in the last quarter. Waldron LP increased its holdings in shares of Mondelez International by 103.3% during the first quarter. Waldron LP now owns 11,703 shares of the company’s stock worth $504,000 after buying an additional 5,947 shares in the last quarter. Searle & CO. increased its holdings in shares of Mondelez International by 13.5% during the first quarter. Searle & CO. now owns 13,961 shares of the company’s stock worth $601,000 after buying an additional 1,660 shares in the last quarter. Wealth Architects LLC increased its holdings in shares of Mondelez International by 0.6% during the first quarter. Wealth Architects LLC now owns 4,734 shares of the company’s stock worth $204,000 after buying an additional 29 shares in the last quarter. Finally, WealthTrust Fairport LLC increased its holdings in shares of Mondelez International by 0.5% during the first quarter. WealthTrust Fairport LLC now owns 32,151 shares of the company’s stock worth $1,385,000 after buying an additional 150 shares in the last quarter. 75.84% of the stock is owned by institutional investors.

In other Mondelez International news, EVP Maurizio Brusadelli sold 6,248 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $2,697,847.76. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Daniel P. Myers sold 7,000 shares of the company’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 transaction, the executive vice president now 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.

MDLZ has been the subject of several recent analyst reports. Credit Suisse Group AG reaffirmed a “buy” rating and set a $50.00 price objective on shares of Mondelez International in a report on Tuesday, June 13th. BidaskClub lowered shares of Mondelez International from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $49.00 price objective (down previously from $50.00) on shares of Mondelez International in a report on Wednesday, June 28th. UBS AG reaffirmed a “buy” rating and set a $51.00 price objective on shares of Mondelez International in a report on Thursday, July 6th. Finally, Piper Jaffray Companies raised shares of Mondelez International from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $48.00 to $49.00 in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Mondelez International currently has a consensus rating of “Buy” and an average price target of $50.54.

Shares of Mondelez International, Inc. (NASDAQ MDLZ) opened at 41.10 on Friday. The company has a market capitalization of $61.96 billion, a PE ratio of 36.15 and a beta of 1.20. Mondelez International, Inc. has a 1-year low of $40.04 and a 1-year high of $47.23. The stock’s 50 day moving average is $41.21 and its 200 day moving average is $43.70.

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 Zacks’ consensus estimate of $0.46 by $0.02. The business had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.98 billion. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 EPS. On average, equities research analysts anticipate that Mondelez International, Inc. will post $2.12 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Investors 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 a boost from Mondelez International’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, September 28th. Mondelez International’s dividend payout ratio is currently 77.19%.

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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.

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

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