Dowling & Yahnke LLC lessened its stake in Mondelez International Inc (NASDAQ:MDLZ) by 2.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,283 shares of the company’s stock after selling 2,552 shares during the quarter. Dowling & Yahnke LLC’s holdings in Mondelez International were worth $3,915,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Banque Pictet & Cie SA increased its holdings in shares of Mondelez International by 90.1% in the 2nd quarter. Banque Pictet & Cie SA now owns 18,904 shares of the company’s stock valued at $816,000 after purchasing an additional 8,962 shares in the last quarter. Aberdeen Asset Management PLC UK increased its holdings in shares of Mondelez International by 11.2% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 465,221 shares of the company’s stock valued at $20,093,000 after purchasing an additional 46,992 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Mondelez International by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock valued at $4,205,971,000 after purchasing an additional 2,720,253 shares in the last quarter. Engineers Gate Manager LP purchased a new position in shares of Mondelez International in the 2nd quarter valued at about $3,867,000. Finally, AQR Capital Management LLC increased its holdings in shares of Mondelez International by 43.9% in the 1st quarter. AQR Capital Management LLC now owns 440,459 shares of the company’s stock valued at $18,975,000 after purchasing an additional 134,286 shares in the last quarter. Institutional investors and hedge funds own 75.86% of the company’s stock.
A number of brokerages have recently issued reports on MDLZ. BidaskClub upgraded shares of Mondelez International from a “strong sell” rating to a “sell” rating in a report on Thursday, December 7th. UBS restated a “buy” rating and set a $49.00 target price on shares of Mondelez International in a report on Friday, October 13th. Morgan Stanley dropped their target price on shares of Mondelez International from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, October 13th. Zacks Investment Research downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, BMO Capital Markets restated a “buy” rating and set a $48.00 target price on shares of Mondelez International in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $49.40.
Mondelez International Inc (NASDAQ MDLZ) opened at $43.11 on Tuesday. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.49. Mondelez International Inc has a twelve month low of $39.19 and a twelve month high of $47.23. The firm has a market cap of $64,826.55, a PE ratio of 21.16, a price-to-earnings-growth ratio of 1.79 and a beta of 0.98.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Monday, October 30th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The business had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.45 billion. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 earnings per share. equities research analysts anticipate that Mondelez International Inc will post 2.14 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.04%. Mondelez International’s dividend payout ratio (DPR) is presently 61.11%.
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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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