JGP Global Gestao de Recursos Ltda. Buys 2,595 Shares of Mondelez International Inc (NASDAQ:MDLZ)
JGP Global Gestao de Recursos Ltda. increased its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 24.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,243 shares of the company’s stock after purchasing an additional 2,595 shares during the period. JGP Global Gestao de Recursos Ltda.’s holdings in Mondelez International were worth $729,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. grew its position in shares of Mondelez International by 3.4% during the 2nd quarter. BlackRock Inc. now owns 92,978,464 shares of the company’s stock worth $5,011,539,000 after buying an additional 3,027,963 shares during the period. State Street Corp boosted its stake in Mondelez International by 3.4% during the 3rd quarter. State Street Corp now owns 67,155,778 shares of the company’s stock worth $3,734,164,000 after acquiring an additional 2,221,137 shares during the last quarter. USS Investment Management Ltd boosted its stake in Mondelez International by 69.6% during the 3rd quarter. USS Investment Management Ltd now owns 3,345,536 shares of the company’s stock worth $185,092,000 after acquiring an additional 1,373,308 shares during the last quarter. Artemis Investment Management LLP grew its holdings in Mondelez International by 81.5% during the fourth quarter. Artemis Investment Management LLP now owns 1,557,705 shares of the company’s stock valued at $85,754,000 after purchasing an additional 699,497 shares during the period. Finally, California Public Employees Retirement System grew its holdings in Mondelez International by 23.7% during the third quarter. California Public Employees Retirement System now owns 3,266,433 shares of the company’s stock valued at $180,699,000 after purchasing an additional 625,065 shares during the period. 76.21% of the stock is owned by institutional investors and hedge funds.
MDLZ has been the topic of several analyst reports. Bank of America reiterated a “buy” rating and issued a $61.00 target price on shares of Mondelez International in a report on Thursday, October 31st. BidaskClub lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Deutsche Bank assumed coverage on shares of Mondelez International in a report on Wednesday, December 11th. They issued a “hold” rating and a $57.00 price target for the company. Berenberg Bank set a $56.00 price objective on shares of Mondelez International and gave the company a “hold” rating in a research report on Monday, November 4th. Finally, Royal Bank of Canada assumed coverage on Mondelez International in a research note on Wednesday, October 16th. They set an “outperform” rating and a $66.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $60.31.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.04. The business had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.34 billion. Mondelez International had a net margin of 15.42% and a return on equity of 13.93%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the business posted $0.62 earnings per share. On average, research analysts forecast that Mondelez International Inc will post 2.47 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Monday, December 30th. Mondelez International’s dividend payout ratio (DPR) is presently 46.91%.
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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