State of Michigan Retirement System boosted its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 348,256 shares of the company’s stock after buying an additional 1,500 shares during the quarter. State of Michigan Retirement System’s holdings in Mondelez International were worth $19,182,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. Cubist Systematic Strategies LLC lifted its holdings in shares of Mondelez International by 43.1% during the second quarter. Cubist Systematic Strategies LLC now owns 35,390 shares of the company’s stock worth $1,908,000 after purchasing an additional 10,654 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in Mondelez International by 6.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 130,110 shares of the company’s stock worth $7,013,000 after buying an additional 7,847 shares during the period. Phocas Financial Corp. acquired a new position in Mondelez International during the 2nd quarter worth about $1,002,000. Prudential PLC grew its position in shares of Mondelez International by 11.7% in the 2nd quarter. Prudential PLC now owns 3,051,457 shares of the company’s stock valued at $164,542,000 after buying an additional 318,509 shares during the last quarter. Finally, Colony Group LLC increased its stake in shares of Mondelez International by 421.4% in the second quarter. Colony Group LLC now owns 117,342 shares of the company’s stock valued at $6,325,000 after buying an additional 94,837 shares during the period. Institutional investors and hedge funds own 76.21% of the company’s stock.
MDLZ has been the subject of a number of analyst reports. Jefferies Financial Group started coverage on Mondelez International in a research report on Wednesday. They set a “buy” rating and a $65.00 price objective for the company. Royal Bank of Canada began coverage on shares of Mondelez International in a research report on Wednesday, October 16th. They set an “outperform” rating and a $66.00 target price for the company. Berenberg Bank set a $56.00 target price on shares of Mondelez International and gave the company a “hold” rating in a research report on Monday, November 4th. Deutsche Bank began coverage on shares of Mondelez International in a report on Wednesday, December 11th. They set a “hold” rating and a $57.00 price target for the company. Finally, Bank of America restated a “buy” rating and issued a $61.00 price target on shares of Mondelez International in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. Mondelez International currently has a consensus rating of “Buy” and a consensus price target of $60.31.
Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, October 29th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.04. The business had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.34 billion. Mondelez International had a net margin of 15.42% and a return on equity of 13.93%. Mondelez International’s revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 earnings per share. On average, equities research analysts forecast that Mondelez International Inc will post 2.47 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.285 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $1.14 annualized dividend and a dividend yield of 2.07%. Mondelez International’s dividend payout ratio is currently 46.91%.
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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