Mercer Global Advisors Inc. ADV acquired a new stake in shares of Mondelez International Inc (NASDAQ:MDLZ) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,927 shares of the company’s stock, valued at approximately $838,000.
Several other large investors also recently added to or reduced their stakes in MDLZ. Vanguard Group Inc lifted its stake in Mondelez International by 0.9% in the third quarter. Vanguard Group Inc now owns 105,273,083 shares of the company’s stock worth $4,522,531,000 after acquiring an additional 944,384 shares during the period. BlackRock Inc. lifted its stake in Mondelez International by 4.0% in the fourth quarter. BlackRock Inc. now owns 90,450,969 shares of the company’s stock worth $3,620,751,000 after acquiring an additional 3,487,619 shares during the period. Northern Trust Corp lifted its stake in Mondelez International by 3.6% in the fourth quarter. Northern Trust Corp now owns 20,893,890 shares of the company’s stock worth $836,382,000 after acquiring an additional 723,025 shares during the period. Geode Capital Management LLC lifted its stake in Mondelez International by 11.4% in the fourth quarter. Geode Capital Management LLC now owns 18,875,712 shares of the company’s stock worth $754,269,000 after acquiring an additional 1,928,429 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Mondelez International by 5.4% in the third quarter. Bank of New York Mellon Corp now owns 17,845,702 shares of the company’s stock worth $766,651,000 after acquiring an additional 921,701 shares during the period. 76.85% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Vinzenz P. Gruber sold 10,945 shares of the firm’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $45.86, for a total transaction of $501,937.70. Following the completion of the transaction, the executive vice president now directly owns 139,584 shares in the company, valued at $6,401,322.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maurizio Brusadelli sold 5,495 shares of the firm’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $47.27, for a total value of $259,748.65. Following the transaction, the executive vice president now owns 78,523 shares of the company’s stock, valued at $3,711,782.21. The disclosure for this sale can be found here. Insiders have sold 72,127 shares of company stock valued at $3,398,519 over the last 90 days. Corporate insiders own 1.50% of the company’s stock.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Wednesday, January 30th. The company reported $0.63 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.63. Mondelez International had a return on equity of 14.03% and a net margin of 12.64%. The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.77 billion. During the same quarter in the prior year, the company earned $0.57 earnings per share. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, equities analysts predict that Mondelez International Inc will post 2.48 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were issued a dividend of $0.26 per share. The ex-dividend date was Thursday, March 28th. This represents a $1.04 annualized dividend and a dividend yield of 2.08%. Mondelez International’s payout ratio is presently 42.80%.
A number of brokerages recently commented on MDLZ. UBS Group raised their price target on Mondelez International to $56.00 and gave the stock a “buy” rating in a research note on Monday. They noted that the move was a valuation call. Zacks Investment Research lowered Mondelez International from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. Piper Jaffray Companies set a $48.00 price target on Mondelez International and gave the stock a “buy” rating in a research note on Friday, April 5th. ValuEngine raised Mondelez International from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. Finally, BidaskClub raised Mondelez International from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $47.90.
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About Mondelez International
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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