Mondelez International Inc (MDLZ) Shares Bought by Means Investment CO. Inc.

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Means Investment CO. Inc. raised its stake in Mondelez International Inc (NASDAQ:MDLZ) by 16.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,858 shares of the company’s stock after acquiring an additional 5,678 shares during the period. Means Investment CO. Inc.’s holdings in Mondelez International were worth $1,990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Shields Capital Management LLC boosted its stake in Mondelez International by 79.2% in the fourth quarter. Wellington Shields Capital Management LLC now owns 56,259 shares of the company’s stock valued at $2,252,000 after acquiring an additional 24,873 shares in the last quarter. National Pension Service boosted its stake in Mondelez International by 5.6% in the fourth quarter. National Pension Service now owns 1,439,587 shares of the company’s stock valued at $68,121,000 after acquiring an additional 76,881 shares in the last quarter. Private Trust Co. NA boosted its stake in Mondelez International by 1.2% in the fourth quarter. Private Trust Co. NA now owns 30,426 shares of the company’s stock valued at $1,217,000 after acquiring an additional 350 shares in the last quarter. First American Trust FSB boosted its stake in Mondelez International by 9.3% in the first quarter. First American Trust FSB now owns 125,481 shares of the company’s stock valued at $6,264,000 after acquiring an additional 10,688 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in Mondelez International by 4.0% in the fourth quarter. CIBC Asset Management Inc now owns 696,493 shares of the company’s stock valued at $27,881,000 after acquiring an additional 26,529 shares in the last quarter. Institutional investors own 76.85% of the company’s stock.

Several equities analysts have issued reports on MDLZ shares. Barclays restated a “buy” rating and issued a $49.00 price objective on shares of Mondelez International in a research note on Friday, February 1st. Wells Fargo & Co reiterated a “buy” rating on shares of Mondelez International in a research note on Monday, January 28th. Guggenheim assumed coverage on shares of Mondelez International in a research note on Tuesday, January 22nd. They set a “buy” rating and a $47.00 target price for the company. ValuEngine upgraded shares of Mondelez International from a “hold” rating to a “buy” rating in a research note on Tuesday, February 12th. Finally, BidaskClub downgraded shares of Mondelez International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Mondelez International presently has a consensus rating of “Buy” and a consensus price target of $47.90.

In related news, EVP Vinzenz P. Gruber sold 10,945 shares of the stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $45.86, for a total transaction of $501,937.70. Following the completion of the transaction, the executive vice president now directly owns 139,584 shares of the company’s stock, valued at $6,401,322.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alejandro Lorenzo sold 26,347 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $46.94, for a total transaction of $1,236,728.18. Following the transaction, the executive vice president now directly owns 59,320 shares of the company’s stock, valued at $2,784,480.80. The disclosure for this sale can be found here. Insiders have sold 72,127 shares of company stock valued at $3,398,519 over the last three months. 1.50% of the stock is currently owned by corporate insiders.

Shares of MDLZ opened at $50.12 on Wednesday. Mondelez International Inc has a fifty-two week low of $37.42 and a fifty-two week high of $50.52. The stock has a market cap of $72.61 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 2.67 and a beta of 0.90. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.45 and a quick ratio of 0.30.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Wednesday, January 30th. The company reported $0.63 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.63. The firm had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.77 billion. Mondelez International had a net margin of 12.64% and a return on equity of 14.03%. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 earnings per share. On average, sell-side analysts anticipate that Mondelez International Inc will post 2.48 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.04 annualized dividend and a yield of 2.08%. Mondelez International’s dividend payout ratio is currently 42.80%.

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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; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.

Read More: Return on Investment (ROI)

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

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