Mondelez International Inc (MDLZ) Shares Sold by Fayez Sarofim & Co.
Fayez Sarofim & Co. lessened its stake in Mondelez International Inc (NASDAQ:MDLZ) by 0.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,629,268 shares of the company’s stock after selling 14,547 shares during the period. Mondelez International accounts for approximately 1.4% of Fayez Sarofim & Co.’s portfolio, making the stock its 22nd largest position. Fayez Sarofim & Co. owned approximately 0.44% of Mondelez International worth $269,546,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Mondelez International by 1.2% in the second quarter. Vanguard Group Inc. now owns 98,799,909 shares of the company’s stock valued at $4,267,168,000 after acquiring an additional 1,168,269 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Mondelez International by 7.3% during the second quarter. Northern Trust Corp now owns 21,688,257 shares of the company’s stock worth $936,717,000 after buying an additional 1,470,112 shares during the period. Lindsell Train Ltd boosted its stake in shares of Mondelez International by 18.3% during the third quarter. Lindsell Train Ltd now owns 19,950,710 shares of the company’s stock worth $811,196,000 after buying an additional 3,086,000 shares during the period. Macquarie Group Ltd. boosted its stake in shares of Mondelez International by 1.0% during the third quarter. Macquarie Group Ltd. now owns 16,975,186 shares of the company’s stock worth $690,211,000 after buying an additional 175,487 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Mondelez International by 0.3% during the third quarter. Bank of New York Mellon Corp now owns 16,967,667 shares of the company’s stock worth $689,906,000 after buying an additional 47,563 shares during the period. Institutional investors own 75.86% of the company’s stock.
Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada reiterated a “buy” rating on shares of Mondelez International in a research note on Friday, September 1st. Susquehanna Bancshares set a $45.00 target price on shares of Mondelez International and gave the stock a “hold” rating in a research note on Monday, October 30th. BidaskClub upgraded shares of Mondelez International from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 7th. Zacks Investment Research downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $55.00 target price on shares of Mondelez International in a research note on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $49.40.
In other news, Director Lewis W. K. Booth purchased 1,500 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average cost of $41.29 per share, with a total value of $61,935.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.60% of the company’s stock.
Mondelez International Inc (NASDAQ:MDLZ) opened at $43.38 on Monday. The stock has a market cap of $64,830.00, a PE ratio of 21.16, a P/E/G ratio of 1.79 and a beta of 0.98. Mondelez International Inc has a 1-year low of $39.19 and a 1-year high of $47.23. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.49.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.03. The firm had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.45 billion. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 earnings per share. analysts predict that Mondelez International Inc will post 2.14 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Friday, December 29th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend 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%.
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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.
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