Commerce Bank Has $43.49 Million Stake in Mondelez International Inc (MDLZ)
Commerce Bank increased its position in Mondelez International Inc (NASDAQ:MDLZ) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,069,546 shares of the company’s stock after buying an additional 11,154 shares during the period. Commerce Bank owned about 0.07% of Mondelez International worth $43,487,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Acrospire Investment Management LLC raised its position in shares of Mondelez International by 1,450.0% in the second quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock valued at $134,000 after buying an additional 2,900 shares during the last quarter. Chicago Partners Investment Group LLC raised its position in shares of Mondelez International by 2,056.3% in the second quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock valued at $157,000 after buying an additional 3,434 shares during the last quarter. Rockefeller Financial Services Inc. raised its position in shares of Mondelez International by 300.0% in the third quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock valued at $163,000 after buying an additional 3,000 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Mondelez International by 8.3% in the second quarter. Parkside Financial Bank & Trust now owns 4,076 shares of the company’s stock valued at $176,000 after buying an additional 311 shares during the last quarter. Finally, Pointe Capital Management LLC acquired a new position in shares of Mondelez International in the second quarter valued at approximately $202,000. 75.86% of the stock is owned by institutional investors and hedge funds.
Shares of Mondelez International Inc (MDLZ) opened at $43.38 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.34 and a current ratio of 0.51. Mondelez International Inc has a 52 week low of $39.19 and a 52 week high of $47.23. The stock has a market cap of $63,914.97, a P/E ratio of 20.86, a price-to-earnings-growth ratio of 1.77 and a beta of 0.98.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.88 annualized dividend and a yield of 2.03%. Mondelez International’s dividend payout ratio is currently 61.11%.
In other Mondelez International news, Director Lewis W. K. Booth acquired 1,500 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was bought at an average cost of $41.29 per share, for a total transaction of $61,935.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.60% of the stock is owned by insiders.
MDLZ has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Piper Jaffray Companies reissued a “buy” rating and issued a $49.00 price objective on shares of Mondelez International in a research report on Tuesday, September 19th. Susquehanna Bancshares set a $45.00 price objective on shares of Mondelez International and gave the company a “hold” rating in a research report on Monday, October 30th. Credit Suisse Group upped their price target on shares of Mondelez International from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. Finally, J P Morgan Chase & Co upped their price target on shares of Mondelez International from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Mondelez International presently has an average rating of “Buy” and a consensus price target of $49.40.
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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.
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