Gofen & Glossberg LLC IL Has $22.89 Million Stake in Mondelez International Inc (MDLZ)

Gofen & Glossberg LLC IL grew its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 534,811 shares of the company’s stock after buying an additional 6,448 shares during the period. Gofen & Glossberg LLC IL’s holdings in Mondelez International were worth $22,890,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Trust Co. of Vermont grew its position in shares of Mondelez International by 1.0% during the second quarter. Trust Co. of Vermont now owns 116,357 shares of the company’s stock worth $5,025,000 after buying an additional 1,173 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new stake in shares of Mondelez International during the second quarter worth approximately $203,000. Fisher Asset Management LLC grew its position in shares of Mondelez International by 8.1% during the second quarter. Fisher Asset Management LLC now owns 7,492 shares of the company’s stock worth $324,000 after buying an additional 562 shares in the last quarter. State of Alaska Department of Revenue grew its position in shares of Mondelez International by 5.4% during the second quarter. State of Alaska Department of Revenue now owns 6,274 shares of the company’s stock worth $270,000 after buying an additional 320 shares in the last quarter. Finally, National Pension Service grew its position in shares of Mondelez International by 10.5% during the second quarter. National Pension Service now owns 1,180,942 shares of the company’s stock worth $50,922,000 after buying an additional 112,661 shares in the last quarter. Institutional investors own 75.82% of the company’s stock.

In other Mondelez International news, Director Lewis W. K. Booth acquired 1,500 shares of the firm’s stock in a transaction on 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.60% of the company’s stock.

MDLZ has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. UBS Group reissued a “buy” rating and set a $49.00 price target on shares of Mondelez International in a research report on Friday, October 13th. Credit Suisse Group raised their price target on shares of Mondelez International from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. JPMorgan Chase & Co. raised their price target on shares of Mondelez International from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. Finally, BidaskClub raised shares of Mondelez International from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $49.43.

Mondelez International Inc (MDLZ) opened at $42.47 on Tuesday. The company has a market cap of $63,470.00, a price-to-earnings ratio of 29.49, a price-to-earnings-growth ratio of 1.58 and a beta of 0.97. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.49. Mondelez International Inc has a 1-year low of $39.19 and a 1-year high of $47.23.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Monday, October 30th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The firm 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 firm’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.52 earnings per share. equities analysts forecast that Mondelez International Inc will post 2.14 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Shareholders of record on Friday, December 29th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Thursday, December 28th. Mondelez International’s dividend payout ratio is presently 61.11%.

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

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