Mondelez International Inc (MDLZ) Shares Bought by State of Wisconsin Investment Board
State of Wisconsin Investment Board increased its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 20.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,625,051 shares of the company’s stock after buying an additional 276,980 shares during the quarter. State of Wisconsin Investment Board owned about 0.11% of Mondelez International worth $70,186,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in the company. WASHINGTON TRUST Co grew its stake in shares of Mondelez International by 15.8% in the second quarter. WASHINGTON TRUST Co now owns 5,848 shares of the company’s stock valued at $253,000 after buying an additional 798 shares in the last quarter. Fiduciary Financial Services of The Southwest Inc. TX grew its stake in Mondelez International by 12.6% during the 2nd quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 11,523 shares of the company’s stock valued at $498,000 after purchasing an additional 1,290 shares in the last quarter. LMR Partners LLP grew its stake in Mondelez International by 498.0% during the 2nd quarter. LMR Partners LLP now owns 92,128 shares of the company’s stock valued at $3,979,000 after purchasing an additional 76,723 shares in the last quarter. Dupont Capital Management Corp lifted its holdings in Mondelez International by 6.5% during the 2nd quarter. Dupont Capital Management Corp now owns 291,462 shares of the company’s stock worth $12,588,000 after buying an additional 17,686 shares during the last quarter. Finally, Savant Capital LLC lifted its holdings in Mondelez International by 3.6% during the 2nd quarter. Savant Capital LLC now owns 8,389 shares of the company’s stock worth $362,000 after buying an additional 295 shares during the last quarter. Institutional investors own 75.84% of the company’s stock.
Mondelez International Inc (NASDAQ:MDLZ) traded down 0.31% during mid-day trading on Friday, reaching $41.68. The company had a trading volume of 7,051,309 shares. The stock has a market cap of $62.84 billion, a PE ratio of 36.66 and a beta of 1.20. Mondelez International Inc has a 12 month low of $40.04 and a 12 month high of $47.23. The firm’s 50-day moving average price is $40.95 and its 200-day moving average price is $43.59.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. Mondelez International had a net margin of 7.23% and a return on equity of 7.78%. The business had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.98 billion. During the same period in the prior year, the company posted $0.44 EPS. The business’s revenue for the quarter was down 5.0% compared to the same quarter last year. Equities research analysts forecast that Mondelez International Inc will post $2.11 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Friday, September 29th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.88 annualized dividend and a yield of 2.11%. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s dividend payout ratio is presently 77.19%.
A number of research analysts have commented on MDLZ shares. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $49.00 target price (down previously from $50.00) on shares of Mondelez International in a report on Wednesday, June 28th. Zacks Investment Research raised Mondelez International from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Tuesday, October 3rd. Royal Bank Of Canada reissued an “outperform” rating and issued a $53.00 price target (down previously from $54.00) on shares of Mondelez International in a report on Monday, July 31st. Piper Jaffray Companies raised Mondelez International from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $48.00 to $49.00 in a report on Tuesday, July 25th. Finally, UBS AG reaffirmed a “buy” rating and set a $51.00 target price on shares of Mondelez International in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Mondelez International currently has a consensus rating of “Buy” and an average target price of $50.23.
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In other news, EVP Daniel P. Myers sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total value 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 approximately $858,307.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Maurizio Brusadelli sold 6,248 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total transaction 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 $2,697,847.76. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.
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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