King Luther Capital Management Corp raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 18.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 875,023 shares of the company’s stock after purchasing an additional 138,307 shares during the quarter. King Luther Capital Management Corp owned about 0.06% of Mondelez International worth $37,792,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Simmons Bank raised its position in Mondelez International by 0.3% in the first quarter. Simmons Bank now owns 6,265 shares of the company’s stock valued at $269,000 after purchasing an additional 20 shares during the period. Northwest Quadrant Wealth Management LLC raised its position in Mondelez International by 0.4% in the second quarter. Northwest Quadrant Wealth Management LLC now owns 7,069 shares of the company’s stock valued at $309,000 after purchasing an additional 30 shares during the period. Dorsey & Whitney Trust CO LLC raised its position in Mondelez International by 0.4% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 10,363 shares of the company’s stock valued at $447,000 after purchasing an additional 38 shares during the period. Choate Investment Advisors raised its position in Mondelez International by 0.4% in the first quarter. Choate Investment Advisors now owns 10,430 shares of the company’s stock valued at $449,000 after purchasing an additional 41 shares during the period. Finally, Needelman Asset Management Inc. raised its position in Mondelez International by 0.3% in the second quarter. Needelman Asset Management Inc. now owns 17,040 shares of the company’s stock valued at $736,000 after purchasing an additional 45 shares during the period. 75.42% of the stock is currently owned by institutional investors.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Monday, October 30th. The company reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. The business had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.45 billion. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Friday, September 29th were given a dividend of $0.22 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.12%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s dividend payout ratio is currently 61.11%.

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In other news, EVP Daniel P. Myers sold 7,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total transaction of $286,580.00. Following the completion of the transaction, the executive vice president now owns 20,965 shares of the company’s stock, valued at $858,307.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maurizio Brusadelli sold 6,248 shares of the company’s 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 transaction, the executive vice president now directly owns 61,651 shares of the company’s stock, valued at approximately $2,697,847.76. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.

Several research analysts have commented on the company. 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 report on Tuesday. J P Morgan Chase & Co raised their target price on Mondelez International from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday. Susquehanna Bancshares Inc restated a “hold” rating on shares of Mondelez International in a research note on Wednesday, August 2nd. UBS AG restated a “buy” rating and set a $51.00 target price on shares of Mondelez International in a research note on Wednesday, August 9th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $53.00 target price on shares of Mondelez International in a research note on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $49.50.

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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