Mondelez International, Inc. (MDLZ) Stake Raised by Checchi Capital Advisers LLC
Checchi Capital Advisers LLC raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.2% during the third quarter, according to its most recent filing with the SEC. The fund owned 15,343 shares of the company’s stock after buying an additional 37 shares during the period. Checchi Capital Advisers LLC’s holdings in Mondelez International were worth $674,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in MDLZ. Vanguard Group Inc. raised its stake in shares of Mondelez International by 1.1% in the second quarter. Vanguard Group Inc. now owns 91,285,945 shares of the company’s stock worth $4,154,422,000 after buying an additional 1,011,043 shares during the period. FMR LLC boosted its position in Mondelez International by 1.5% in the second quarter. FMR LLC now owns 27,803,139 shares of the company’s stock valued at $1,265,321,000 after buying an additional 408,006 shares in the last quarter. Northern Trust Corp boosted its position in Mondelez International by 0.5% in the third quarter. Northern Trust Corp now owns 21,260,888 shares of the company’s stock valued at $933,353,000 after buying an additional 106,144 shares in the last quarter. BlackRock Fund Advisors boosted its position in Mondelez International by 3.7% in the third quarter. BlackRock Fund Advisors now owns 18,647,365 shares of the company’s stock valued at $818,619,000 after buying an additional 659,384 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its position in Mondelez International by 0.8% in the second quarter. Macquarie Group Ltd. now owns 16,256,406 shares of the company’s stock valued at $739,829,000 after buying an additional 128,759 shares in the last quarter. Institutional investors own 74.46% of the company’s stock.
Shares of Mondelez International, Inc. (NASDAQ:MDLZ) traded down 0.65% during midday trading on Friday, reaching $44.60. The company had a trading volume of 5,273,094 shares. Mondelez International, Inc. has a 12-month low of $35.88 and a 12-month high of $46.40. The stock’s 50 day moving average is $43.37 and its 200-day moving average is $43.52. The stock has a market capitalization of $68.88 billion, a PE ratio of 85.11 and a beta of 1.07.
Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Wednesday, October 26th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.09. The business had revenue of $6.40 billion for the quarter, compared to analysts’ expectations of $6.45 billion. Mondelez International had a net margin of 3.16% and a return on equity of 10.88%. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 EPS. On average, equities research analysts predict that Mondelez International, Inc. will post $1.95 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, January 12th. Stockholders of record on Friday, December 30th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Wednesday, December 28th. Mondelez International’s dividend payout ratio (DPR) is presently 143.40%.
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Several research firms recently issued reports on MDLZ. RBC Capital Markets reiterated an “outperform” rating and issued a $54.00 price target (down previously from $56.00) on shares of Mondelez International in a report on Friday, December 23rd. Berenberg Bank began coverage on Mondelez International in a report on Thursday, January 5th. They issued a “buy” rating and a $51.00 price target on the stock. Zacks Investment Research cut Mondelez International from a “buy” rating to a “hold” rating in a report on Wednesday, December 21st. Deutsche Bank AG reiterated a “hold” rating and issued a $46.00 price target on shares of Mondelez International in a report on Thursday, November 10th. Finally, Susquehanna reiterated a “buy” rating and issued a $55.00 price target on shares of Mondelez International in a report on Wednesday, October 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $47.41.
In other news, Director Lewis W. K. Booth bought 2,500 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The shares were acquired at an average price of $41.61 per share, with a total value of $104,025.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Trian Fund Management, L.P. sold 3,800,000 shares of the company’s stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $44.09, for a total transaction of $167,542,000.00. Following the sale, the director now directly owns 13,495 shares in the company, valued at approximately $594,994.55. The disclosure for this sale can be found here. 3.90% of the stock is owned by insiders.
About Mondelez International
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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