Newport Trust Co lowered its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 0.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 105,022 shares of the company’s stock after selling 605 shares during the quarter. Newport Trust Co’s holdings in Mondelez International were worth $4,204,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc lifted its holdings in shares of Mondelez International by 0.9% in the 3rd quarter. Vanguard Group Inc now owns 105,273,083 shares of the company’s stock worth $4,522,531,000 after buying an additional 944,384 shares during the period. BlackRock Inc. increased its position in Mondelez International by 3.6% during the 3rd quarter. BlackRock Inc. now owns 86,963,350 shares of the company’s stock valued at $3,735,944,000 after buying an additional 2,995,606 shares in the last quarter. Lindsell Train Ltd increased its position in Mondelez International by 13.3% during the 3rd quarter. Lindsell Train Ltd now owns 28,982,722 shares of the company’s stock valued at $1,245,098,000 after buying an additional 3,396,714 shares in the last quarter. Macquarie Group Ltd. increased its holdings in shares of Mondelez International by 1.0% in the third quarter. Macquarie Group Ltd. now owns 18,313,517 shares of the company’s stock valued at $786,748,000 after purchasing an additional 186,970 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Mondelez International by 5.4% in the third quarter. Bank of New York Mellon Corp now owns 17,845,702 shares of the company’s stock valued at $766,651,000 after purchasing an additional 921,701 shares during the period. Institutional investors own 75.80% of the company’s stock.
A number of research analysts have recently weighed in on the company. BidaskClub raised Mondelez International from a “buy” rating to a “strong-buy” rating in a report on Monday, February 4th. Zacks Investment Research lowered Mondelez International from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. Piper Jaffray Companies set a $48.00 price objective on Mondelez International and gave the company a “buy” rating in a report on Tuesday, October 30th. Berenberg Bank lowered Mondelez International from a “buy” rating to a “hold” rating and set a $43.00 price objective on the stock. in a report on Thursday, January 24th. Finally, Barclays reissued a “buy” rating and issued a $49.00 price objective on shares of Mondelez International in a report on Friday, February 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $47.27.
Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Wednesday, January 30th. The company reported $0.63 EPS for the quarter, hitting analysts’ consensus estimates of $0.63. Mondelez International had a return on equity of 14.03% and a net margin of 12.64%. The firm had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.77 billion. During the same quarter in the prior year, the business earned $0.57 earnings per share. The company’s revenue was down 2.8% compared to the same quarter last year. On average, research analysts predict that Mondelez International Inc will post 2.48 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 29th will be paid a $0.26 dividend. The ex-dividend date is Thursday, March 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.19%. Mondelez International’s payout ratio is 42.80%.
In other news, EVP Vinzenz P. Gruber sold 10,945 shares of the company’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $45.86, for a total value of $501,937.70. Following the sale, the executive vice president now owns 139,584 shares in the company, valued at $6,401,322.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by corporate insiders.
Mondelez International Profile
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.
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