Guyasuta Investment Advisors Inc. reduced its position in Mondelez International Inc (NASDAQ:MDLZ) by 21.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,573 shares of the company’s stock after selling 4,920 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in Mondelez International were worth $715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently added to or reduced their stakes in the company. ARGA Investment Management LP boosted its stake in shares of Mondelez International by 82.5% in the 3rd quarter. ARGA Investment Management LP now owns 62,400 shares of the company’s stock worth $2,537,000 after buying an additional 28,200 shares during the last quarter. Van ECK Associates Corp raised its holdings in Mondelez International by 133.0% in the 3rd quarter. Van ECK Associates Corp now owns 752,044 shares of the company’s stock worth $30,578,000 after purchasing an additional 429,275 shares during the period. MUFG Securities EMEA plc raised its holdings in Mondelez International by 62.3% in the 3rd quarter. MUFG Securities EMEA plc now owns 2,215,000 shares of the company’s stock worth $90,062,000 after purchasing an additional 850,000 shares during the period. Norinchukin Bank The raised its holdings in Mondelez International by 2.9% in the 3rd quarter. Norinchukin Bank The now owns 188,737 shares of the company’s stock worth $7,674,000 after purchasing an additional 5,384 shares during the period. Finally, ING Groep NV raised its holdings in Mondelez International by 14.4% in the 3rd quarter. ING Groep NV now owns 362,415 shares of the company’s stock worth $14,736,000 after purchasing an additional 45,577 shares during the period. Hedge funds and other institutional investors own 75.75% of the company’s stock.
Shares of Mondelez International Inc (NASDAQ:MDLZ) opened at $42.95 on Thursday. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $64,180.00, a PE ratio of 21.03, a price-to-earnings-growth ratio of 1.78 and a beta of 0.98. Mondelez International Inc has a twelve month low of $39.19 and a twelve month high of $47.23.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.05%. Mondelez International’s dividend payout ratio is presently 61.11%.
A number of equities analysts recently commented on the company. UBS reaffirmed a “buy” rating and issued a $49.00 target price on shares of Mondelez International in a report on Friday, October 13th. Morgan Stanley decreased their target price on 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 reaffirmed a “buy” rating and issued a $53.00 target price on shares of Mondelez International in a report on Tuesday, October 3rd. Buckingham Research decreased their target price on 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 reaffirmed an “outperform” rating and issued a $55.00 target price on shares of Mondelez International in a report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Mondelez International has a consensus rating of “Buy” and an average target price of $49.40.
In other Mondelez International news, Director Lewis W. K. Booth purchased 1,500 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were acquired at an average cost of $41.29 per share, with a total value of $61,935.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.60% of the stock is owned by company insiders.
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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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