American International Group Inc. cut its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 9.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 569,933 shares of the company’s stock after selling 56,808 shares during the quarter. American International Group Inc.’s holdings in Mondelez International were worth $23,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of MDLZ. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Mondelez International by 95.5% during 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 acquiring an additional 4,821,400 shares during the period. Bessemer Group Inc. boosted its holdings in Mondelez International by 8,492.9% during the 2nd 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 boosted its holdings in Mondelez International by 18.3% during the 3rd 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 boosted its holdings in Mondelez International by 186.2% during the 1st 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. boosted its holdings in Mondelez International by 2.9% during the 1st 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 own 75.75% of the company’s stock.

In other news, Director Lewis W. K. Booth bought 1,500 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was purchased at an average price of $41.29 per share, with a total value of $61,935.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.60% of the stock is currently owned by corporate insiders.

Several equities research analysts recently weighed in on the company. UBS restated a “buy” rating and set a $49.00 target price on shares of Mondelez International in a report on Friday, October 13th. Morgan Stanley dropped their target price 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 restated a “buy” rating and set a $53.00 target price on shares of Mondelez International in a report on Tuesday, October 3rd. Buckingham Research lowered their price target on Mondelez International from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, October 31st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $55.00 price target on shares of Mondelez International in a research report on Wednesday, September 20th. One equities 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 issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $49.40.

Mondelez International Inc (NASDAQ:MDLZ) opened at $42.95 on Thursday. The company has a market capitalization of $64,180.00, a P/E ratio of 21.03, a price-to-earnings-growth ratio of 1.78 and a beta of 0.98. 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 Inc has a 52-week low of $39.19 and a 52-week high of $47.23.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Monday, October 30th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The business had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.45 billion. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. Mondelez International’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 EPS. equities research analysts forecast that Mondelez International Inc will post 2.14 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 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 2.05%. The ex-dividend date of this dividend is Thursday, December 28th. Mondelez International’s payout ratio is 61.11%.

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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.

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

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