Fisher Asset Management LLC decreased its position in Mondelez International Inc (NASDAQ:MDLZ) by 9.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,930 shares of the company’s stock after selling 710 shares during the period. Fisher Asset Management LLC’s holdings in Mondelez International were worth $299,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. KBC Group NV increased its stake in Mondelez International by 2.0% in the third quarter. KBC Group NV now owns 1,189,637 shares of the company’s stock valued at $52,225,000 after buying an additional 23,268 shares during the period. Clarkston Capital Partners LLC increased its stake in Mondelez International by 1.8% in the third quarter. Clarkston Capital Partners LLC now owns 422,805 shares of the company’s stock valued at $18,561,000 after buying an additional 7,525 shares during the period. Israel Discount Bank of New York GFN purchased a new stake in Mondelez International during the fourth quarter valued at about $560,000. Nomura Asset Management Co. Ltd. increased its stake in Mondelez International by 12.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 713,826 shares of the company’s stock valued at $31,336,000 after buying an additional 77,990 shares during the period. Finally, Glenview Trust Co purchased a new stake in Mondelez International during the fourth quarter valued at about $4,020,000. 75.43% of the stock is currently owned by institutional investors and hedge funds.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, May 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.03. The company had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.37 billion. Mondelez International had a net margin of 6.40% and a return on equity of 11.12%.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 13th. Investors of record on Friday, June 30th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.76 dividend on an annualized basis and a yield of 1.66%. Mondelez International’s dividend payout ratio is presently 72.38%.
A number of research firms have recently weighed in on MDLZ. Zacks Investment Research downgraded Mondelez International from a “hold” rating to a “sell” rating in a research report on Tuesday, April 11th. Goldman Sachs Group Inc set a $53.00 target price on Mondelez International and gave the company a “conviction-buy” rating in a research report on Wednesday, May 3rd. Royal Bank of Canada reiterated an “outperform” rating and set a $54.00 target price on shares of Mondelez International in a research report on Wednesday, February 8th. Susquehanna Bancshares Inc downgraded Mondelez International from a “positive” rating to a “neutral” rating and cut their target price for the company from $53.00 to $46.00 in a research report on Wednesday, February 8th. Finally, Credit Suisse Group AG reiterated a “buy” rating and set a $50.00 target price on shares of Mondelez International in a research report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $49.76.
In related news, Director Trian Fund Management, L.P. sold 1,731,410 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $44.71, for a total transaction of $77,411,341.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Robin S. Hargrove sold 6,000 shares of the business’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $44.87, for a total transaction of $269,220.00. Following the transaction, the executive vice president now owns 14,663 shares of the company’s stock, valued at $657,928.81. The disclosure for this sale can be found here. Insiders have sold 1,739,010 shares of company stock valued at $77,752,241 over the last 90 days. 3.90% of the stock is currently 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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