Westwood Holdings Group Inc. cut its position in Mondelez International Inc (NASDAQ:MDLZ) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 97,135 shares of the company’s stock after selling 850 shares during the period. Westwood Holdings Group Inc.’s holdings in Mondelez International were worth $4,306,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp increased its position in shares of Mondelez International by 2.4% in the fourth quarter. State Street Corp now owns 66,763,266 shares of the company’s stock worth $2,960,424,000 after buying an additional 1,534,717 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Mondelez International by 26.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 39,864,922 shares of the company’s stock worth $1,750,070,000 after buying an additional 8,368,329 shares in the last quarter. Northern Trust Corp increased its position in shares of Mondelez International by 0.5% in the third quarter. Northern Trust Corp now owns 21,260,888 shares of the company’s stock worth $933,353,000 after buying an additional 106,144 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of Mondelez International by 3.7% in the third quarter. BlackRock Fund Advisors now owns 18,647,365 shares of the company’s stock worth $818,619,000 after buying an additional 659,384 shares in the last quarter. Finally, Parnassus Investments CA increased its position in shares of Mondelez International by 6.4% in the third quarter. Parnassus Investments CA now owns 10,416,007 shares of the company’s stock worth $457,263,000 after buying an additional 627,886 shares in the last quarter. Institutional investors own 75.43% of the company’s stock.
Shares of Mondelez International Inc (NASDAQ:MDLZ) opened at 43.80 on Monday. Mondelez International Inc has a 12 month low of $39.21 and a 12 month high of $46.40. The stock’s 50 day moving average is $44.20 and its 200 day moving average is $43.63. The stock has a market cap of $66.87 billion, a P/E ratio of 41.71 and a beta of 1.08.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, February 7th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.01. The business had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.86 billion. Mondelez International had a return on equity of 11.12% and a net margin of 6.40%. The firm’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period last year, the company posted $0.46 EPS. Analysts predict that Mondelez International Inc will post $2.10 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 13th. Investors of record on Friday, March 31st will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Wednesday, March 29th. Mondelez International’s dividend payout ratio (DPR) is presently 72.38%.
MDLZ has been the subject of a number of recent research reports. Deutsche Bank AG initiated coverage on shares of Mondelez International in a research note on Wednesday, February 15th. They issued a “hold” rating and a $49.00 price target for the company. Zacks Investment Research downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Wednesday, December 21st. Susquehanna Bancshares Inc set a $53.00 price target on shares of Mondelez International and gave the stock a “buy” rating in a research note on Monday, February 6th. TheStreet downgraded shares of Mondelez International from a “b” rating to a “c” rating in a research note on Thursday, February 9th. Finally, Citigroup Inc downgraded shares of Mondelez International from a “positive” rating to a “neutral” rating and set a $53.00 price target for the company. in a research note on Wednesday, February 8th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $48.91.
In related news, EVP Maurizio Brusadelli sold 1,600 shares of the stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $44.80, for a total transaction of $71,680.00. Following the completion of the sale, the executive vice president now owns 52,491 shares of the company’s stock, valued at approximately $2,351,596.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Charles E. Bunch bought 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 9th. The shares were acquired at an average cost of $44.95 per share, with a total value of $89,900.00. The disclosure for this purchase can be found here. 3.90% of the stock is currently owned by corporate insiders.
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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