DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Mondelez International Inc (NASDAQ:MDLZ) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 350,678 shares of the company’s stock, valued at approximately $15,549,000.
A number of other hedge funds have also recently bought and sold shares of MDLZ. Searle & CO. boosted its stake in Mondelez International by 151.9% in the third quarter. Searle & CO. now owns 12,301 shares of the company’s stock valued at $531,000 after buying an additional 7,417 shares during the period. Hills Bank & Trust Co. boosted its stake in Mondelez International by 4.5% in the third quarter. Hills Bank & Trust Co. now owns 18,242 shares of the company’s stock valued at $801,000 after buying an additional 787 shares during the period. LGT Capital Partners LTD. boosted its stake in Mondelez International by 11.7% in the third quarter. LGT Capital Partners LTD. now owns 400,880 shares of the company’s stock valued at $17,599,000 after buying an additional 42,000 shares during the period. Gofen & Glossberg LLC IL boosted its stake in Mondelez International by 1.1% in the third quarter. Gofen & Glossberg LLC IL now owns 522,273 shares of the company’s stock valued at $22,928,000 after buying an additional 5,869 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in Mondelez International by 0.8% in the third quarter. Fisher Asset Management LLC now owns 10,126 shares of the company’s stock valued at $445,000 after buying an additional 76 shares during the period. Institutional investors and hedge funds own 75.43% of the company’s stock.
Shares of Mondelez International Inc (NASDAQ:MDLZ) traded down 0.09% on Friday, reaching $44.94. 5,957,326 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $43.98 and a 200-day moving average price of $43.74. The company has a market cap of $68.61 billion, a PE ratio of 42.80 and a beta of 1.08. Mondelez International Inc has a 12-month low of $40.50 and a 12-month high of $46.40.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, February 7th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.49 by $0.02. The firm had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.86 billion. Mondelez International had a net margin of 6.40% and a return on equity of 11.12%. Mondelez International’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period last year, the firm earned $0.46 earnings per share. Equities research analysts anticipate that Mondelez International Inc will post $2.11 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 13th. Stockholders of record on Friday, March 31st were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Wednesday, March 29th. Mondelez International’s dividend payout ratio (DPR) is 72.38%.
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A number of brokerages recently commented on MDLZ. Royal Bank of Canada reiterated an “outperform” rating and issued a $54.00 target price on shares of Mondelez International in a research report on Wednesday, February 8th. Susquehanna Bancshares Inc cut shares of Mondelez International from a “positive” rating to a “neutral” rating and decreased their target price for the stock from $53.00 to $46.00 in a research report on Wednesday, February 8th. Berenberg Bank began coverage on shares of Mondelez International in a research report on Thursday, January 5th. They issued a “buy” rating and a $51.00 target price on the stock. Citigroup Inc cut shares of Mondelez International from a “positive” rating to a “neutral” rating and set a $53.00 target price on the stock. in a research report on Wednesday, February 8th. They noted that the move was a valuation call. Finally, TheStreet cut shares of Mondelez International from a “b” rating to a “c” rating in a research report on Thursday, February 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $49.59.
In related news, EVP Maurizio Brusadelli sold 1,600 shares of Mondelez International stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $44.80, for a total value of $71,680.00. Following 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 Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles E. Bunch bought 2,000 shares of the stock in a transaction on Thursday, February 9th. The shares were acquired at an average cost of $44.95 per share, for a total transaction of $89,900.00. The disclosure for this purchase can be found here. 3.90% of the stock is owned by insiders.
Mondelez International Company 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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