Quantitative Systematic Strategies LLC acquired a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the second quarter, Holdings Channel reports. The institutional investor acquired 27,254 shares of the company’s stock, valued at approximately $1,175,000.

Other large investors have also recently added to or reduced their stakes in the company. Greylin Investment Mangement Inc. raised its position in shares of Mondelez International by 9.3% in the first quarter. Greylin Investment Mangement Inc. now owns 5,830 shares of the company’s stock valued at $251,000 after buying an additional 498 shares in the last quarter. DnB Asset Management AS raised its position in shares of Mondelez International by 19.9% in the first quarter. DnB Asset Management AS now owns 217,072 shares of the company’s stock valued at $9,351,000 after buying an additional 36,100 shares in the last quarter. Palisade Capital Management LLC NJ raised its position in shares of Mondelez International by 9.7% in the first quarter. Palisade Capital Management LLC NJ now owns 189,068 shares of the company’s stock valued at $8,145,000 after buying an additional 16,653 shares in the last quarter. Benson Investment Management Company Inc. raised its position in shares of Mondelez International by 3.5% in the first quarter. Benson Investment Management Company Inc. now owns 49,695 shares of the company’s stock valued at $2,141,000 after buying an additional 1,700 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. raised its position in shares of Mondelez International by 7.3% in the first quarter. Farmers & Merchants Investments Inc. now owns 134,390 shares of the company’s stock valued at $5,790,000 after buying an additional 9,144 shares in the last quarter. 76.54% of the stock is currently owned by institutional investors.

Mondelez International, Inc. (NASDAQ MDLZ) traded up 0.62% on Monday, hitting $43.86. The stock had a trading volume of 1,927,078 shares. The company has a market cap of $66.13 billion, a P/E ratio of 38.58 and a beta of 1.19. The stock’s 50-day moving average is $43.70 and its 200-day moving average is $44.47. Mondelez International, Inc. has a 52-week low of $40.50 and a 52-week high of $47.23.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. The business had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.98 billion. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The company’s revenue was down 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 earnings per share. Analysts expect that Mondelez International, Inc. will post $2.12 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.22 per share. This is a positive change from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Thursday, September 28th. Mondelez International’s dividend payout ratio is currently 66.67%.

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MDLZ has been the subject of several analyst reports. Deutsche Bank AG raised Mondelez International from a “hold” rating to a “buy” rating and raised their target price for the stock from $49.00 to $51.00 in a research report on Wednesday, May 3rd. TheStreet raised Mondelez International from a “c” rating to a “b-” rating in a research report on Wednesday, April 26th. Credit Suisse Group reaffirmed a “buy” rating and set a $50.00 target price on shares of Mondelez International in a research report on Wednesday, May 3rd. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $49.00 target price (down from $50.00) on shares of Mondelez International in a research report on Wednesday, June 28th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $53.00 target price (down from $54.00) on shares of Mondelez International in a research report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, eight 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 an average price target of $50.33.

In other news, EVP Maurizio Brusadelli sold 6,248 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total transaction of $273,412.48. Following the completion of the sale, the executive vice president now directly owns 61,651 shares in the company, valued at $2,697,847.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.60% of the company’s stock.

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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