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.
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.
Read More: Why do companies issue monthly dividends?
Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International Inc (NASDAQ:MDLZ).
Receive News & Ratings for Mondelez International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International and related companies with MarketBeat.com's FREE daily email newsletter.