American Assets Investment Management LLC grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,010 shares of the company’s stock after buying an additional 330 shares during the quarter. American Assets Investment Management LLC’s holdings in Mondelez International were worth $2,635,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. CGOV Asset Management raised its holdings in shares of Mondelez International by 9.4% in the 1st quarter. CGOV Asset Management now owns 15,100 shares of the company’s stock valued at $867,000 after purchasing an additional 1,300 shares during the period. Waldron LP raised its holdings in shares of Mondelez International by 103.3% in the 1st quarter. Waldron LP now owns 11,703 shares of the company’s stock valued at $504,000 after purchasing an additional 5,947 shares during the period. Searle & CO. raised its holdings in shares of Mondelez International by 13.5% in the 1st quarter. Searle & CO. now owns 13,961 shares of the company’s stock valued at $601,000 after purchasing an additional 1,660 shares during the period. Wealth Architects LLC raised its holdings in shares of Mondelez International by 0.6% in the 1st quarter. Wealth Architects LLC now owns 4,734 shares of the company’s stock valued at $204,000 after purchasing an additional 29 shares during the period. Finally, WealthTrust Fairport LLC raised its holdings in shares of Mondelez International by 0.5% in the 1st quarter. WealthTrust Fairport LLC now owns 32,151 shares of the company’s stock valued at $1,385,000 after purchasing an additional 150 shares during the period. 75.84% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International, Inc. (NASDAQ:MDLZ) opened at 41.10 on Friday. Mondelez International, Inc. has a 52 week low of $40.04 and a 52 week high of $47.23. The company has a 50-day moving average of $41.21 and a 200-day moving average of $43.70. The firm has a market cap of $61.96 billion, a price-to-earnings ratio of 36.15 and a beta of 1.20.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. The business had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.98 billion. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 earnings per share. Equities research analysts forecast that Mondelez International, Inc. will post $2.12 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be given a $0.22 dividend. This is a positive change from Mondelez International’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, September 28th. This represents a $0.88 annualized dividend and a yield of 2.14%. Mondelez International’s payout ratio is currently 77.19%.

A number of equities research analysts have recently issued reports on MDLZ shares. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $50.00 target price on shares of Mondelez International in a report on Tuesday, June 13th. UBS AG reaffirmed a “buy” rating and issued a $51.00 target price on shares of Mondelez International in a report on Thursday, July 6th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $49.00 target price on shares of Mondelez International in a report on Tuesday, September 19th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Mondelez International in a report on Friday, September 1st. Finally, Zacks Investment Research raised shares of Mondelez International from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Mondelez International currently has a consensus rating of “Buy” and an average target price of $50.54.

In other news, EVP Daniel P. Myers sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total value of $286,580.00. Following the sale, the executive vice president now owns 20,965 shares of the company’s stock, valued at $858,307.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Maurizio Brusadelli sold 6,248 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total transaction of $273,412.48. Following the completion of the sale, the executive vice president now directly owns 61,651 shares in the company, valued at approximately $2,697,847.76. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.

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About Mondelez International

Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.

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

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