Trust Co lessened its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 13.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,130 shares of the company’s stock after selling 4,957 shares during the quarter. Trust Co’s holdings in Mondelez International were worth $1,266,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MDLZ. Bessemer Group Inc. boosted its holdings in Mondelez International by 8,492.9% in the 2nd quarter. Bessemer Group Inc. now owns 4,136,467 shares of the company’s stock worth $178,655,000 after acquiring an additional 4,088,329 shares during the period. Amundi Pioneer Asset Management Inc. boosted its holdings in Mondelez International by 348.9% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 4,044,516 shares of the company’s stock worth $164,450,000 after acquiring an additional 3,143,550 shares during the period. Lindsell Train Ltd boosted its stake in shares of Mondelez International by 18.3% during the 3rd quarter. Lindsell Train Ltd now owns 19,950,710 shares of the company’s stock valued at $811,196,000 after buying an additional 3,086,000 shares during the last quarter. Eaton Vance Management boosted its stake in shares of Mondelez International by 98.7% during the 2nd quarter. Eaton Vance Management now owns 5,038,277 shares of the company’s stock valued at $217,603,000 after buying an additional 2,502,668 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Mondelez International by 27.2% during the 2nd quarter. Bank of Montreal Can now owns 9,466,294 shares of the company’s stock valued at $408,850,000 after buying an additional 2,023,918 shares during the last quarter. Hedge funds and other institutional investors own 75.78% of the company’s stock.

In other news, Director Lewis W. K. Booth acquired 1,500 shares of Mondelez International stock in a transaction that occurred on Thursday, November 9th. The shares were purchased at an average cost of $41.29 per share, for a total transaction of $61,935.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.60% of the company’s stock.

Several equities analysts have recently commented on MDLZ shares. Piper Jaffray Companies reiterated a “buy” rating and set a $49.00 target price on shares of Mondelez International in a research note on Tuesday, September 19th. 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. Royal Bank of Canada reiterated a “buy” rating and set a $53.00 target price on shares of Mondelez International in a research note on Tuesday, October 3rd. Zacks Investment Research upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Tuesday, October 3rd. Finally, Morgan Stanley reduced their target price on Mondelez International from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, October 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $49.43.

Shares of Mondelez International Inc (NASDAQ MDLZ) traded down $0.36 on Thursday, reaching $42.63. The company had a trading volume of 6,494,700 shares, compared to its average volume of 7,874,343. Mondelez International Inc has a 52-week low of $39.19 and a 52-week high of $47.23. The company has a market capitalization of $63,530.00, a PE ratio of 29.60, a PEG ratio of 1.61 and a beta of 0.97. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.51 and a quick ratio of 0.34.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The firm had revenue of $6.53 billion for the quarter, compared to analysts’ expectations of $6.45 billion. During the same period last year, the business posted $0.52 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. sell-side analysts predict that Mondelez International Inc will post 2.14 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Friday, December 29th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.06%. The ex-dividend date is Thursday, December 28th. Mondelez International’s dividend payout ratio (DPR) is presently 61.11%.

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Mondelez International Company 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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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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