Campbell & CO Investment Adviser LLC Buys Shares of 14,839 Mondelez International Inc (MDLZ)
Campbell & CO Investment Adviser LLC bought a new stake in shares of Mondelez International Inc (NASDAQ:MDLZ) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 14,839 shares of the company’s stock, valued at approximately $603,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Acrospire Investment Management LLC boosted its stake in shares of Mondelez International by 1,450.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock worth $134,000 after buying an additional 2,900 shares during the last quarter. Chicago Partners Investment Group LLC boosted its stake in shares of Mondelez International by 2,056.3% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock worth $157,000 after buying an additional 3,434 shares during the last quarter. Rockefeller Financial Services Inc. boosted its stake in shares of Mondelez International by 300.0% in the 3rd quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock worth $163,000 after buying an additional 3,000 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Mondelez International by 8.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 4,076 shares of the company’s stock worth $176,000 after buying an additional 311 shares during the last quarter. Finally, Pointe Capital Management LLC purchased a new position in shares of Mondelez International in the 2nd quarter worth $202,000. Institutional investors and hedge funds own 75.75% of the company’s stock.
Mondelez International Inc (NASDAQ MDLZ) opened at $43.36 on Friday. Mondelez International Inc has a twelve month low of $39.19 and a twelve month high of $47.23. The company has a market capitalization of $65,190.00, a price-to-earnings ratio of 30.11, a P/E/G ratio of 1.78 and a beta of 0.98. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.49.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $6.45 billion. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $0.52 earnings per share. analysts anticipate that Mondelez International Inc will post 2.14 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.03%. Mondelez International’s dividend payout ratio is presently 61.11%.
A number of equities analysts have recently issued reports on the company. Royal Bank of Canada restated a “buy” rating on shares of Mondelez International in a research note on Friday, September 1st. Susquehanna Bancshares set a $45.00 target price on Mondelez International and gave the stock a “hold” rating in a report on Monday, October 30th. BidaskClub raised Mondelez International from a “strong sell” rating to a “sell” rating in a report on Thursday, December 7th. Zacks Investment Research cut Mondelez International from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $55.00 target price on shares of Mondelez International in a report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Mondelez International currently has an average rating of “Buy” and a consensus price target of $49.40.
In other Mondelez International news, Director Lewis W. K. Booth purchased 1,500 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were acquired at an average cost of $41.29 per share, with a total value of $61,935.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.60% of the stock is owned by company insiders.
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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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