Stephens Inc. AR Grows Position in Mondelez International Inc (MDLZ)
Stephens Inc. AR increased its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 7.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,028 shares of the company’s stock after purchasing an additional 2,268 shares during the quarter. Stephens Inc. AR’s holdings in Mondelez International were worth $1,384,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in MDLZ. Caisse DE Depot ET Placement DU Quebec raised its holdings 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 worth $425,709,000 after purchasing an additional 4,821,400 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Mondelez International by 8,492.9% during the second quarter. Bessemer Group Inc. now owns 4,136,467 shares of the company’s stock valued at $178,655,000 after acquiring an additional 4,088,329 shares during the period. Lindsell Train Ltd raised its holdings in shares of Mondelez International by 18.3% during the third quarter. Lindsell Train Ltd now owns 19,950,710 shares of the company’s stock valued at $811,196,000 after acquiring an additional 3,086,000 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Mondelez International by 186.2% during the first quarter. Renaissance Technologies LLC now owns 4,573,598 shares of the company’s stock valued at $197,031,000 after acquiring an additional 2,975,800 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Mondelez International by 2.9% during the first quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock valued at $4,205,971,000 after acquiring an additional 2,720,253 shares during the period. Institutional investors and hedge funds own 75.86% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. UBS restated a “buy” rating and set a $49.00 price target on shares of Mondelez International in a report on Friday, October 13th. Morgan Stanley cut their price target on shares of Mondelez International from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, October 13th. Royal Bank of Canada restated a “buy” rating and set a $53.00 price target on shares of Mondelez International in a report on Tuesday, October 3rd. Buckingham Research cut their price target on shares of Mondelez International from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday, October 31st. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $55.00 price target on shares of Mondelez International in a report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $49.40.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Monday, October 30th. The company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The firm had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.45 billion. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 EPS. equities research analysts expect that Mondelez International Inc will post 2.14 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 29th will be paid a $0.22 dividend. 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 presently 61.11%.
In related news, Director Lewis W. K. Booth acquired 1,500 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were purchased at an average price of $41.29 per share, for a total transaction of $61,935.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.60% of the stock is currently owned by corporate insiders.
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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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