ING Groep NV Boosts Stake in Mondelez International Inc (MDLZ)

ING Groep NV lifted its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 14.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 362,415 shares of the company’s stock after buying an additional 45,577 shares during the period. ING Groep NV’s holdings in Mondelez International were worth $14,736,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Acrospire Investment Management LLC grew its holdings in Mondelez International by 1,450.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock valued at $134,000 after purchasing an additional 2,900 shares during the last quarter. Chicago Partners Investment Group LLC grew its holdings in Mondelez International by 2,056.3% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock valued at $157,000 after purchasing an additional 3,434 shares during the last quarter. Rockefeller Financial Services Inc. grew its holdings in Mondelez International by 300.0% during the 3rd quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock valued at $163,000 after purchasing an additional 3,000 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Mondelez International by 8.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 4,076 shares of the company’s stock valued at $176,000 after purchasing an additional 311 shares during the last quarter. Finally, Pointe Capital Management LLC bought a new position in Mondelez International during the 2nd quarter valued at about $202,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

In other Mondelez International news, Director Lewis W. K. Booth purchased 1,500 shares of the stock in a transaction dated Thursday, November 9th. The stock was purchased at an average price of $41.29 per share, with a total value of $61,935.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.60% of the stock is currently owned by corporate insiders.

Several equities analysts recently commented on the stock. UBS reiterated a “buy” rating and set a $49.00 price target on shares of Mondelez International in a report on Friday, October 13th. Morgan Stanley cut their price target on shares of Mondelez International from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, October 13th. Royal Bank of Canada reiterated a “buy” rating and set a $53.00 price target on shares of Mondelez International in a report on Tuesday, October 3rd. Buckingham Research cut their price target on shares of Mondelez International from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday, October 31st. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $55.00 price target on shares of Mondelez International in a report on Wednesday, September 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $49.40.

Mondelez International Inc (MDLZ) opened at $43.25 on Wednesday. Mondelez International Inc has a one year low of $39.19 and a one year high of $47.23. The company 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. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.51 and a quick ratio of 0.34.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Monday, October 30th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.03. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The firm had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the prior year, the company earned $0.52 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. sell-side analysts anticipate that Mondelez International Inc will post 2.14 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Friday, December 29th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.88 annualized dividend and a dividend yield of 2.03%. Mondelez International’s payout ratio 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.

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

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