First Eagle Investment Management LLC continued to hold its position in Mondelez International, Inc. (NASDAQ:MDLZ) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,536 shares of the company’s stock at the close of the second quarter. First Eagle Investment Management LLC’s holdings in Mondelez International were worth $239,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Simmons Bank boosted its position in Mondelez International by 0.3% during the first quarter. Simmons Bank now owns 6,265 shares of the company’s stock valued at $269,000 after purchasing an additional 20 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in Mondelez International by 0.6% during the first quarter. Parkside Financial Bank & Trust now owns 3,765 shares of the company’s stock valued at $162,000 after purchasing an additional 24 shares during the last quarter. Choate Investment Advisors boosted its position in Mondelez International by 0.4% during the first quarter. Choate Investment Advisors now owns 10,430 shares of the company’s stock valued at $449,000 after purchasing an additional 41 shares during the last quarter. Needelman Asset Management Inc. boosted its position in Mondelez International by 0.3% during the second quarter. Needelman Asset Management Inc. now owns 17,040 shares of the company’s stock valued at $736,000 after purchasing an additional 45 shares during the last quarter. Finally, Rockland Trust Co. boosted its position in Mondelez International by 0.6% during the second quarter. Rockland Trust Co. now owns 7,667 shares of the company’s stock valued at $331,000 after purchasing an additional 49 shares during the last quarter. Institutional investors and hedge funds own 75.84% of the company’s stock.

Several research analysts recently commented on MDLZ shares. Royal Bank Of Canada reissued a “buy” rating on shares of Mondelez International in a research report on Friday, September 1st. Credit Suisse Group reissued a “buy” rating and set a $50.00 price target on shares of Mondelez International in a research report on Tuesday, June 13th. UBS AG reissued a “buy” rating and set a $51.00 price target on shares of Mondelez International in a research report on Thursday, July 6th. BidaskClub cut Mondelez International from a “sell” rating to a “strong sell” rating in a research report on Friday, June 30th. Finally, J P Morgan Chase & Co reissued an “overweight” rating and set a $49.00 price target (down from $50.00) on shares of Mondelez International in a research report on Wednesday, June 28th. One equities 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 assigned a strong buy rating to the stock. Mondelez International presently has an average rating of “Buy” and an average price target of $50.54.

In other news, 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 value of $273,412.48. Following the transaction, the executive vice president now owns 61,651 shares in the company, valued at approximately $2,697,847.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel P. Myers sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total value of $286,580.00. Following the completion of the transaction, the executive vice president now owns 20,965 shares in the company, valued at approximately $858,307.10. The disclosure for this sale can be found here. 3.60% of the stock is owned by insiders.

Shares of Mondelez International, Inc. (NASDAQ:MDLZ) opened at 41.13 on Friday. The stock has a 50 day moving average price of $41.15 and a 200-day moving average price of $43.67. The firm has a market capitalization of $62.01 billion, a PE ratio of 36.17 and a beta of 1.20. Mondelez International, Inc. has a 52-week low of $40.04 and a 52-week high of $47.23.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. The firm had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.98 billion. During the same quarter in the previous year, the business earned $0.44 EPS. The company’s revenue was down 5.0% compared to the same quarter last year. Equities analysts forecast that Mondelez International, Inc. will post $2.11 EPS for the current year.

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

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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.

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

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