Mondelez International Inc (NASDAQ:MDLZ) Shares Bought by Landsberg Bennett & Dubbaneh LLC

Landsberg Bennett & Dubbaneh LLC grew its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 23.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 57,146 shares of the company’s stock after buying an additional 10,820 shares during the period. Landsberg Bennett & Dubbaneh LLC’s holdings in Mondelez International were worth $3,165,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Mondelez International by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 110,134,622 shares of the company’s stock worth $5,936,256,000 after purchasing an additional 1,358,125 shares during the last quarter. BlackRock Inc. boosted its stake in Mondelez International by 3.4% during the 2nd quarter. BlackRock Inc. now owns 92,978,464 shares of the company’s stock worth $5,011,539,000 after purchasing an additional 3,027,963 shares during the last quarter. Lindsell Train Ltd boosted its stake in Mondelez International by 5.7% during the 2nd quarter. Lindsell Train Ltd now owns 33,644,019 shares of the company’s stock worth $1,813,076,000 after purchasing an additional 1,799,497 shares during the last quarter. Northern Trust Corp boosted its stake in Mondelez International by 1.3% during the 2nd quarter. Northern Trust Corp now owns 21,534,342 shares of the company’s stock worth $1,160,701,000 after purchasing an additional 286,549 shares during the last quarter. Finally, FMR LLC boosted its stake in Mondelez International by 17.8% during the 1st quarter. FMR LLC now owns 20,048,480 shares of the company’s stock worth $1,000,819,000 after purchasing an additional 3,034,020 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors.

MDLZ has been the topic of several recent research reports. Wells Fargo & Co lifted their target price on shares of Mondelez International from $60.00 to $65.00 and gave the stock a “positive” rating in a research note on Tuesday, July 23rd. Morgan Stanley upgraded Mondelez International from an “equal weight” rating to an “overweight” rating and set a $62.00 price target on the stock in a report on Wednesday, August 7th. BidaskClub upgraded Mondelez International from a “hold” rating to a “buy” rating in a report on Saturday, August 10th. Buckingham Research lifted their price target on Mondelez International from $57.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. They noted that the move was a valuation call. Finally, Piper Jaffray Companies set a $62.00 price target on Mondelez International and gave the stock a “buy” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $57.50.

In other news, EVP Vinzenz P. Gruber sold 40,377 shares of Mondelez International stock in a transaction on Friday, September 6th. The stock was sold at an average price of $56.68, for a total transaction of $2,288,568.36. Following the transaction, the executive vice president now owns 112,137 shares in the company, valued at approximately $6,355,925.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is owned by insiders.

Shares of NASDAQ MDLZ traded down $0.56 during trading on Friday, hitting $54.85. 448,538 shares of the company were exchanged, compared to its average volume of 5,887,077. Mondelez International Inc has a 12-month low of $38.78 and a 12-month high of $56.72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.29 and a current ratio of 0.44. The company has a fifty day moving average price of $55.00 and a 200-day moving average price of $53.28. The firm has a market capitalization of $79.90 billion, a PE ratio of 22.56, a P/E/G ratio of 2.86 and a beta of 0.80.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.57 EPS for the quarter, hitting the consensus estimate of $0.57. Mondelez International had a return on equity of 14.07% and a net margin of 14.57%. The business had revenue of $6.06 billion for the quarter, compared to analyst estimates of $6.03 billion. During the same quarter in the previous year, the firm earned $0.56 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year. Research analysts anticipate that Mondelez International Inc will post 2.48 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Friday, September 27th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.26. Mondelez International’s payout ratio is currently 46.91%.

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.

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

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