British Airways Pensions Investment Management Ltd lowered its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 8.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 523,426 shares of the company’s stock after selling 47,356 shares during the period. British Airways Pensions Investment Management Ltd’s holdings in Mondelez International were worth $21,277,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Acrospire Investment Management LLC lifted its holdings 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 valued at $134,000 after acquiring an additional 2,900 shares during the period. Chicago Partners Investment Group LLC lifted its holdings 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 valued at $157,000 after acquiring an additional 3,434 shares during the period. Rockefeller Financial Services Inc. lifted its holdings in shares of Mondelez International by 300.0% during the third quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock valued at $163,000 after acquiring an additional 3,000 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of Mondelez International by 8.3% during the second quarter. Parkside Financial Bank & Trust now owns 4,076 shares of the company’s stock valued at $176,000 after acquiring an additional 311 shares during the period. Finally, Pointe Capital Management LLC bought a new position in shares of Mondelez International during the second quarter valued at $202,000. Hedge funds and other institutional investors own 75.86% of the company’s stock.

A number of brokerages have issued reports on MDLZ. UBS reissued a “buy” rating and set a $49.00 price objective on shares of Mondelez International in a report on Friday, October 13th. Morgan Stanley cut their price objective on Mondelez International from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, October 13th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $53.00 price target on shares of Mondelez International in a report on Tuesday, October 3rd. Buckingham Research cut their price target on Mondelez International from $50.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, October 31st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $55.00 price target on shares of Mondelez International in a report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $49.40.

In other news, Director Lewis W. K. Booth acquired 1,500 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was purchased at an average cost of $41.29 per share, with a total value of $61,935.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.60% of the company’s stock.

Shares of Mondelez International Inc (NASDAQ:MDLZ) opened at $43.38 on Friday. The firm has a market capitalization of $63,914.97, a PE ratio of 20.86, a price-to-earnings-growth ratio of 1.77 and a beta of 0.98. Mondelez International Inc has a twelve month low of $39.19 and a twelve month high of $47.23. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.49.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Monday, October 30th. The company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The firm had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.45 billion. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.52 EPS. equities analysts anticipate that Mondelez International Inc will post 2.14 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.88 annualized dividend and a yield of 2.03%. Mondelez International’s dividend payout ratio is currently 61.11%.

TRADEMARK VIOLATION WARNING: “British Airways Pensions Investment Management Ltd Sells 47,356 Shares of Mondelez International Inc (MDLZ)” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The correct version of this report can be read at https://www.thecerbatgem.com/2017/12/16/british-airways-pensions-investment-management-ltd-sells-47356-shares-of-mondelez-international-inc-mdlz.html.

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)

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