Bridgewater Wealth & Financial Management LLC grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 23.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,125 shares of the company’s stock after acquiring an additional 1,352 shares during the period. Bridgewater Wealth & Financial Management LLC’s holdings in Mondelez International were worth $308,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of MDLZ. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Mondelez International by 95.5% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,871,082 shares of the company’s stock valued at $425,709,000 after acquiring an additional 4,821,400 shares during the period. Bessemer Group Inc. grew its holdings in Mondelez International by 8,492.9% during the 2nd quarter. Bessemer Group Inc. now owns 4,136,467 shares of the company’s stock valued at $178,655,000 after purchasing an additional 4,088,329 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Mondelez International by 186.2% during the 1st quarter. Renaissance Technologies LLC now owns 4,573,598 shares of the company’s stock valued at $197,031,000 after purchasing an additional 2,975,800 shares in the last quarter. Lindsell Train Ltd grew its holdings in Mondelez International by 23.3% during the 1st quarter. Lindsell Train Ltd now owns 14,507,710 shares of the company’s stock valued at $624,992,000 after purchasing an additional 2,740,400 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Mondelez International by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock valued at $4,205,971,000 after purchasing an additional 2,720,253 shares in the last quarter. 75.84% of the stock is currently owned by institutional investors and hedge funds.

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

Mondelez International, Inc. (MDLZ) opened at 41.13 on Friday. The firm has a market capitalization of $62.01 billion, a price-to-earnings ratio of 36.17 and a beta of 1.20. The firm’s 50-day moving average is $41.15 and its 200 day moving average is $43.67. Mondelez International, Inc. has a one year low of $40.04 and a one year high of $47.23.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The business had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.98 billion. During the same quarter in the previous year, the firm posted $0.44 earnings per share. Mondelez International’s revenue was down 5.0% compared to the same quarter last year. Analysts forecast that Mondelez International, Inc. will post $2.11 EPS for the current fiscal year.

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

A number of equities research analysts recently weighed in on MDLZ shares. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $49.00 price target (down from $50.00) on shares of Mondelez International in a report on Wednesday, June 28th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $53.00 price target (down from $54.00) on shares of Mondelez International in a report on Monday, July 31st. Zacks Investment Research raised shares of Mondelez International from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Tuesday. Credit Suisse Group reaffirmed a “buy” rating and set a $50.00 price target on shares of Mondelez International in a report on Tuesday, June 13th. Finally, Piper Jaffray Companies raised shares of Mondelez International from a “neutral” rating to an “overweight” rating and raised their price target for the company from $48.00 to $49.00 in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Mondelez International has a consensus rating of “Buy” and an average target price of $50.54.

Mondelez International Profile

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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