LGT Capital Partners LTD. Boosts Position in Mondelez International Inc (MDLZ)
LGT Capital Partners LTD. increased its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 583,220 shares of the company’s stock after buying an additional 17,647 shares during the quarter. Mondelez International accounts for about 2.3% of LGT Capital Partners LTD.’s portfolio, making the stock its 14th biggest holding. LGT Capital Partners LTD.’s holdings in Mondelez International were worth $24,962,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of MDLZ. Bank of Nova Scotia Trust Co. bought a new position in Mondelez International in the third quarter valued at approximately $113,000. Acrospire Investment Management LLC grew its stake in Mondelez International by 1,450.0% in the second quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock valued at $134,000 after purchasing an additional 2,900 shares in the last quarter. Chicago Partners Investment Group LLC grew its stake in Mondelez International by 2,056.3% in the second quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock valued at $157,000 after purchasing an additional 3,434 shares in the last quarter. Rockefeller Financial Services Inc. grew its stake in Mondelez International by 300.0% in the third quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock valued at $163,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Tortoise Investment Management LLC grew its stake in Mondelez International by 232.4% in the third quarter. Tortoise Investment Management LLC now owns 4,291 shares of the company’s stock valued at $174,000 after purchasing an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 75.78% of the company’s stock.
Several brokerages have recently commented on MDLZ. Zacks Investment Research downgraded Mondelez International from a “buy” rating to a “hold” rating in a research note on Wednesday. BidaskClub downgraded Mondelez International from a “sell” rating to a “strong sell” rating in a research note on Friday, January 5th. TheStreet upgraded Mondelez International from a “c+” rating to a “b” rating in a research note on Thursday, December 21st. BMO Capital Markets reiterated a “buy” rating and set a $48.00 target price on shares of Mondelez International in a research note on Thursday, November 2nd. Finally, JPMorgan Chase & Co. lifted their target price on Mondelez International from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Mondelez International currently has a consensus rating of “Buy” and an average price target of $49.43.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results 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 business 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 firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $0.52 EPS. equities analysts predict that Mondelez International Inc will post 2.14 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Investors 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 2.06%. Mondelez International’s payout ratio is currently 61.11%.
In other news, Director Lewis W. K. Booth purchased 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average cost of $41.29 per share, with a total value of $61,935.00. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.60% of the company’s stock.
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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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