Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,295,101 shares of the company’s stock after purchasing an additional 9,257 shares during the period. Mackenzie Financial Corp owned 0.16% of Mondelez International worth $143,306,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MDLZ. Sowell Financial Services LLC boosted its position in shares of Mondelez International by 8.1% in the first quarter. Sowell Financial Services LLC now owns 13,783 shares of the company’s stock worth $851,000 after acquiring an additional 1,033 shares during the last quarter. D.A. Davidson & CO. raised its holdings in Mondelez International by 15.7% in the first quarter. D.A. Davidson & CO. now owns 39,215 shares of the company’s stock valued at $2,295,000 after buying an additional 5,329 shares during the period. Alberta Investment Management Corp raised its holdings in Mondelez International by 26.9% in the first quarter. Alberta Investment Management Corp now owns 132,500 shares of the company’s stock valued at $7,755,000 after buying an additional 28,100 shares during the period. Mariner LLC raised its holdings in Mondelez International by 8.1% in the first quarter. Mariner LLC now owns 295,236 shares of the company’s stock valued at $17,280,000 after buying an additional 22,067 shares during the period. Finally, 1ST Source Bank raised its holdings in Mondelez International by 15.8% in the first quarter. 1ST Source Bank now owns 5,263 shares of the company’s stock valued at $308,000 after buying an additional 720 shares during the period. 75.58% of the stock is currently owned by institutional investors.

In other Mondelez International news, Director Peter W. May sold 79,346 shares of Mondelez International stock in a transaction on Friday, August 27th. The shares were sold at an average price of $62.06, for a total value of $4,924,212.76. Following the completion of the transaction, the director now owns 16,062 shares of the company’s stock, valued at $996,807.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders sold 640,316 shares of company stock valued at $39,732,619. 0.90% of the stock is currently owned by corporate insiders.

Several research analysts recently commented on MDLZ shares. The Goldman Sachs Group lowered shares of Mondelez International from a “conviction-buy” rating to a “buy” rating in a report on Friday, July 30th. Morgan Stanley assumed coverage on shares of Mondelez International in a research note on Tuesday. They set a “buy” rating and a $69.00 price objective on the stock. Guggenheim lifted their price objective on shares of Mondelez International from $63.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, July 28th. Piper Sandler lifted their price objective on shares of Mondelez International from $69.00 to $71.00 and gave the company an “overweight” rating in a research note on Wednesday, July 28th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $71.00 price objective on shares of Mondelez International in a research note on Friday, August 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Mondelez International has an average rating of “Buy” and a consensus price target of $67.08.

Shares of NASDAQ:MDLZ opened at $60.22 on Wednesday. The firm has a market cap of $84.18 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 2.42 and a beta of 0.66. The company has a fifty day simple moving average of $62.47 and a 200 day simple moving average of $61.49. The company has a current ratio of 0.61, a quick ratio of 0.41 and a debt-to-equity ratio of 0.62. Mondelez International, Inc. has a 12-month low of $52.51 and a 12-month high of $65.60.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, July 27th. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.01. The firm had revenue of $6.64 billion during the quarter, compared to the consensus estimate of $6.41 billion. Mondelez International had a net margin of 15.49% and a return on equity of 14.30%. The firm’s revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.63 earnings per share. As a group, equities research analysts forecast that Mondelez International, Inc. will post 2.92 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 14th. Shareholders of record on Thursday, September 30th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Wednesday, September 29th. This is an increase from Mondelez International’s previous quarterly dividend of $0.32. Mondelez International’s payout ratio is currently 48.65%.

Mondelez International Profile

Mondelez International, Inc engages in the manufacture and marketing of snack food and beverage products. It operates through the following geographical segments: Latin America; Asia, Middle East, and Africa; Europe; and North America. Its products include beverages, biscuits, chocolate, gum & candy, cheese & grocery and meals.

Further Reading: What is Liquidity?

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

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