Independent Franchise Partners LLP Sells 183,947 Shares of Mondelez International, Inc. (MDLZ)

Independent Franchise Partners LLP cut its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,660,970 shares of the company’s stock after selling 183,947 shares during the period. Mondelez International makes up approximately 3.6% of Independent Franchise Partners LLP’s holdings, making the stock its 16th largest position. Independent Franchise Partners LLP owned approximately 0.57% of Mondelez International worth $373,114,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MDLZ. Santa Barbara Asset Management LLC increased its position in Mondelez International by 11.2% in the fourth quarter. Santa Barbara Asset Management LLC now owns 2,388,416 shares of the company’s stock worth $105,878,000 after buying an additional 239,651 shares in the last quarter. Hanson & Doremus Investment Management increased its position in Mondelez International by 0.6% in the fourth quarter. Hanson & Doremus Investment Management now owns 17,431 shares of the company’s stock worth $773,000 after buying an additional 105 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Mondelez International during the fourth quarter worth approximately $15,549,000. Independent Advisor Alliance purchased a new position in Mondelez International during the fourth quarter worth approximately $2,093,000. Finally, LeJeune Puetz Investment Counsel LLC purchased a new position in Mondelez International during the fourth quarter worth approximately $146,000. Hedge funds and other institutional investors own 76.54% of the company’s stock.

Mondelez International, Inc. (NASDAQ:MDLZ) traded up 0.75% during midday trading on Wednesday, hitting $44.19. The stock had a trading volume of 6,632,896 shares. The firm has a market capitalization of $66.62 billion, a price-to-earnings ratio of 38.87 and a beta of 1.19. Mondelez International, Inc. has a 1-year low of $40.50 and a 1-year high of $47.23. The firm has a 50-day moving average price of $43.64 and a 200-day moving average price of $44.45.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.98 billion. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. The firm’s revenue was down 5.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 EPS. On average, equities research analysts anticipate that Mondelez International, Inc. will post $2.12 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, September 28th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.99%. Mondelez International’s payout ratio is presently 66.67%.

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A number of equities analysts recently commented on MDLZ shares. TheStreet upgraded Mondelez International from a “c” rating to a “b-” rating in a report on Wednesday, April 26th. Deutsche Bank AG upgraded Mondelez International from a “hold” rating to a “buy” rating and increased their price objective for the stock from $49.00 to $51.00 in a report on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) set a $53.00 price objective on Mondelez International and gave the stock a “conviction-buy” rating in a report on Wednesday, May 3rd. Credit Suisse Group restated a “buy” rating and issued a $50.00 price objective on shares of Mondelez International in a report on Wednesday, May 3rd. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $54.00 price target on shares of Mondelez International in a report on Monday, May 22nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $50.33.

In related news, EVP Maurizio Brusadelli sold 6,248 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total transaction of $273,412.48. Following the transaction, the executive vice president now directly owns 61,651 shares of the company’s stock, valued at approximately $2,697,847.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.60% of the stock is currently owned by 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.

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

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