Robeco Institutional Asset Management B.V. cut its position in Mondelez International Inc. (NASDAQ:MDLZ) by 2.3% during the second quarter, Holdings Channel reports. The fund owned 1,491,345 shares of the company’s stock after selling 35,710 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Mondelez International were worth $67,870,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the company. ING Groep NV boosted its stake in shares of Mondelez International by 2,311.5% in the first quarter. ING Groep NV now owns 8,979,951 shares of the company’s stock valued at $360,276,000 after buying an additional 8,607,565 shares during the period. Atlanta Capital Management Co. L L C acquired a new stake in shares of Mondelez International during the first quarter valued at approximately $64,152,000. Renaissance Technologies LLC acquired a new stake in shares of Mondelez International during the first quarter valued at approximately $60,104,000. BlackRock Group LTD boosted its stake in shares of Mondelez International by 8.6% in the first quarter. BlackRock Group LTD now owns 14,014,006 shares of the company’s stock valued at $562,243,000 after buying an additional 1,112,528 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Mondelez International by 19.4% in the first quarter. Canada Pension Plan Investment Board now owns 4,916,146 shares of the company’s stock valued at $197,236,000 after buying an additional 800,100 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.
Shares of Mondelez International Inc. (NASDAQ:MDLZ) traded up 1.76% during trading on Friday, reaching $43.90. The company had a trading volume of 9,351,034 shares. Mondelez International Inc. has a 12 month low of $35.88 and a 12 month high of $47.42. The company has a market cap of $68.29 billion, a price-to-earnings ratio of 9.30 and a beta of 0.97. The firm has a 50 day moving average price of $43.27 and a 200 day moving average price of $43.44.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Wednesday, July 27th. The company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.04. The firm earned $6.30 billion during the quarter, compared to analyst estimates of $6.34 billion. Mondelez International had a net margin of 28.01% and a return on equity of 10.15%. The company’s revenue for the quarter was down 17.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 EPS. Analysts predict that Mondelez International Inc. will post $1.85 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Friday, September 30th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a yield of 1.73%. Mondelez International’s dividend payout ratio is presently 16.38%.
A number of research firms recently issued reports on MDLZ. Susquehanna reissued a “buy” rating on shares of Mondelez International in a research report on Monday, August 8th. Credit Suisse Group AG reissued a “buy” rating and set a $51.00 price objective on shares of Mondelez International in a research report on Thursday, September 1st. Societe Generale cut Mondelez International from a “buy” rating to a “hold” rating and lifted their price objective for the company from $35.88 to $43.94 in a research report on Thursday, July 28th. Deutsche Bank AG reduced their price objective on Mondelez International from $48.00 to $47.00 and set a “hold” rating for the company in a research report on Thursday, July 28th. Finally, RBC Capital Markets reissued an “outperform” rating and set a $54.00 price objective (up previously from $52.00) on shares of Mondelez International in a research report on Thursday, July 28th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the stock. Mondelez International presently has a consensus rating of “Buy” and an average target price of $47.49.
Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers in approximately 165 countries around the world. The Company operates through five segments: Latin America; Asia Pacific; Eastern Europe, Middle East, and Africa (EEMEA); Europe, and North America.
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