Van ECK Associates Corp Has $30.58 Million Stake in Mondelez International Inc (MDLZ)
Van ECK Associates Corp lifted its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 133.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 752,044 shares of the company’s stock after purchasing an additional 429,275 shares during the quarter. Van ECK Associates Corp owned 0.05% of Mondelez International worth $30,578,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC boosted its stake in Mondelez International by 1,450.0% in the second quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock valued at $134,000 after buying an additional 2,900 shares in the last quarter. Chicago Partners Investment Group LLC boosted its stake in Mondelez International by 2,056.3% in the second quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock valued at $157,000 after buying an additional 3,434 shares in the last quarter. Rockefeller Financial Services Inc. boosted its stake in Mondelez International by 300.0% in the third quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock valued at $163,000 after buying an additional 3,000 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Mondelez International by 8.3% in the second quarter. Parkside Financial Bank & Trust now owns 4,076 shares of the company’s stock valued at $176,000 after buying an additional 311 shares in the last quarter. Finally, Pointe Capital Management LLC acquired a new stake in Mondelez International in the second quarter valued at about $202,000. 75.75% of the stock is currently owned by institutional investors.
Mondelez International Inc (NASDAQ:MDLZ) opened at $42.95 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.51 and a quick ratio of 0.34. The company has a market capitalization of $64,180.00, a PE ratio of 21.03, a price-to-earnings-growth ratio of 1.78 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 also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 29th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.88 annualized dividend and a yield of 2.05%. Mondelez International’s dividend payout ratio is presently 61.11%.
MDLZ has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed a “buy” rating on shares of Mondelez International in a research note on Friday, September 1st. Zacks Investment Research lowered Mondelez International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. UBS reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Mondelez International in a research note on Friday, October 13th. Credit Suisse Group raised their price objective on Mondelez International from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, October 31st. Finally, J P Morgan Chase & Co raised their price objective on Mondelez International from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $49.40.
In other news, Director Lewis W. K. Booth bought 1,500 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was purchased at an average cost of $41.29 per share, for a total transaction of $61,935.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.60% of the stock is currently owned by company insiders.
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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