B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund Purchases New Holdings in Mondelez International Inc (MDLZ)
B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund purchased a new stake in Mondelez International Inc (NASDAQ:MDLZ) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 29,532 shares of the company’s stock, valued at approximately $1,269,000.
Several other large investors have also bought and sold shares of the company. Janus Henderson Group PLC raised its stake in shares of Mondelez International by 0.5% during the 3rd quarter. Janus Henderson Group PLC now owns 379,673 shares of the company’s stock worth $16,312,000 after acquiring an additional 1,797 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Mondelez International by 5.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 17,845,702 shares of the company’s stock worth $766,651,000 after acquiring an additional 921,701 shares in the last quarter. Martingale Asset Management L P raised its stake in shares of Mondelez International by 20.6% during the 3rd quarter. Martingale Asset Management L P now owns 17,625 shares of the company’s stock worth $758,000 after acquiring an additional 3,007 shares in the last quarter. FIL Ltd raised its stake in shares of Mondelez International by 22.6% during the 3rd quarter. FIL Ltd now owns 516,084 shares of the company’s stock worth $22,171,000 after acquiring an additional 95,184 shares in the last quarter. Finally, Rafferty Asset Management LLC raised its stake in shares of Mondelez International by 8.4% during the 3rd quarter. Rafferty Asset Management LLC now owns 45,245 shares of the company’s stock worth $1,944,000 after acquiring an additional 3,499 shares in the last quarter. Institutional investors and hedge funds own 76.82% of the company’s stock.
Several research analysts recently commented on MDLZ shares. Barclays reiterated a “buy” rating and set 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 initiated coverage on shares of Mondelez International in a research report on Tuesday, January 22nd. They set a “buy” rating and a $47.00 target price on the stock. ValuEngine raised shares of Mondelez International from a “hold” rating to a “buy” rating in a research report on Tuesday, February 12th. Finally, BidaskClub downgraded shares of Mondelez International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $47.27.
Mondelez International (NASDAQ:MDLZ) last released its earnings results on Wednesday, January 30th. The company reported $0.63 earnings per share for the quarter, hitting the consensus estimate of $0.63. The company had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.77 billion. Mondelez International had a net margin of 12.64% and a return on equity of 14.03%. Mondelez International’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 EPS. On average, equities research analysts expect that Mondelez International Inc will post 2.5 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 29th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.10%. The ex-dividend date is Thursday, March 28th. Mondelez International’s dividend payout ratio is presently 42.80%.
In other news, EVP Alejandro Lorenzo sold 26,347 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $46.94, for a total value of $1,236,728.18. Following the sale, the executive vice president now directly owns 59,320 shares of the company’s stock, valued at approximately $2,784,480.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gerhard W. Pleuhs sold 29,340 shares of the company’s stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $47.72, for a total transaction of $1,400,104.80. Following the completion of the sale, the executive vice president now directly owns 229,700 shares in the company, valued at $10,961,284. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,127 shares of company stock worth $3,398,519. 2.00% of the stock is owned by insiders.
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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.
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