MAI Capital Management lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 162,669 shares of the company’s stock after selling 5,156 shares during the period. MAI Capital Management’s holdings in Mondelez International were worth $7,026,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in MDLZ. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Mondelez International by 95.5% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,871,082 shares of the company’s stock valued at $425,709,000 after purchasing an additional 4,821,400 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Mondelez International by 8,492.9% in the 2nd quarter. Bessemer Group Inc. now owns 4,136,467 shares of the company’s stock valued at $178,655,000 after purchasing an additional 4,088,329 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Mondelez International by 186.2% in the 1st quarter. Renaissance Technologies LLC now owns 4,573,598 shares of the company’s stock valued at $197,031,000 after purchasing an additional 2,975,800 shares in the last quarter. Lindsell Train Ltd increased its stake in shares of Mondelez International by 23.3% in the 1st quarter. Lindsell Train Ltd now owns 14,507,710 shares of the company’s stock valued at $624,992,000 after purchasing an additional 2,740,400 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Mondelez International by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock valued at $4,205,971,000 after purchasing an additional 2,720,253 shares in the last quarter. Hedge funds and other institutional investors own 75.84% of the company’s stock.

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In other Mondelez International news, EVP Maurizio Brusadelli sold 6,248 shares of Mondelez International 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 sale, the executive vice president now directly owns 61,651 shares of the company’s stock, valued at approximately $2,697,847.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel P. Myers sold 7,000 shares of Mondelez International stock in a transaction that occurred on 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 sale, 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 currently owned by insiders.

Several equities research analysts have commented on MDLZ shares. J P Morgan Chase & Co reiterated an “overweight” rating and set a $49.00 price objective (down from $50.00) on shares of Mondelez International in a research note on Wednesday, June 28th. BidaskClub lowered Mondelez International from a “sell” rating to a “strong sell” rating in a research note on Friday, June 30th. UBS AG reiterated a “buy” rating and set a $51.00 price objective on shares of Mondelez International in a research note on Thursday, July 6th. Piper Jaffray Companies upgraded Mondelez International from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $48.00 to $49.00 in a research note on Tuesday, July 25th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $53.00 price objective (down from $54.00) on shares of Mondelez International in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Mondelez International presently has a consensus rating of “Buy” and an average target price of $50.54.

Shares of Mondelez International, Inc. (NASDAQ:MDLZ) opened at 41.81 on Friday. The stock has a market capitalization of $63.03 billion, a price-to-earnings ratio of 36.77 and a beta of 1.20. The stock has a 50 day moving average price of $40.95 and a 200-day moving average price of $43.60. Mondelez International, Inc. has a 52-week low of $40.04 and a 52-week high of $47.23.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.98 billion. During the same period last year, the company posted $0.44 EPS. The company’s revenue was down 5.0% on a year-over-year basis. On average, equities research analysts predict that Mondelez International, Inc. will post $2.11 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Friday, September 29th were paid a $0.22 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend was Thursday, September 28th. Mondelez International’s payout ratio is presently 77.19%.

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.

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

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