Cramer Rosenthal Mcglynn LLC Has $48.82 Million Stake in Mondelez International Inc (MDLZ)
Cramer Rosenthal Mcglynn LLC lifted its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 39.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,200,693 shares of the company’s stock after acquiring an additional 341,253 shares during the period. Cramer Rosenthal Mcglynn LLC owned 0.08% of Mondelez International worth $48,820,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Mondelez International by 95.5% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,871,082 shares of the company’s stock worth $425,709,000 after purchasing an additional 4,821,400 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Mondelez International by 8,492.9% during the 2nd quarter. Bessemer Group Inc. now owns 4,136,467 shares of the company’s stock worth $178,655,000 after purchasing an additional 4,088,329 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its position in shares of Mondelez International by 348.9% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 4,044,516 shares of the company’s stock worth $164,450,000 after purchasing an additional 3,143,550 shares during the last quarter. Lindsell Train Ltd increased its position in shares of Mondelez International by 18.3% during the 3rd quarter. Lindsell Train Ltd now owns 19,950,710 shares of the company’s stock worth $811,196,000 after purchasing an additional 3,086,000 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Mondelez International by 186.2% during the 1st quarter. Renaissance Technologies LLC now owns 4,573,598 shares of the company’s stock worth $197,031,000 after purchasing an additional 2,975,800 shares during the last quarter. Institutional investors and hedge funds own 75.78% of the company’s stock.
In related news, Director Lewis W. K. Booth acquired 1,500 shares of the stock in a transaction dated Thursday, November 9th. The stock was acquired at an average cost of $41.29 per share, with a total value of $61,935.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.60% of the company’s stock.
A number of analysts recently issued reports on MDLZ shares. Royal Bank of Canada reissued a “buy” rating on shares of Mondelez International in a research report on Friday, September 1st. Zacks Investment Research downgraded Mondelez International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. UBS Group reissued a “buy” rating and set a $49.00 price objective on shares of Mondelez International in a research report on Friday, October 13th. Credit Suisse Group raised their price objective on Mondelez International from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. Finally, JPMorgan Chase & Co. raised their price objective on Mondelez International from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $49.40.
Mondelez International Inc (NASDAQ:MDLZ) opened at $43.42 on Wednesday. Mondelez International Inc has a 52-week low of $39.19 and a 52-week high of $47.23. The company has a market capitalization of $64,850.00, a PE ratio of 30.15, a PEG ratio of 1.79 and a beta of 0.98. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.34 and a current ratio of 0.51.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Monday, October 30th. The company reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The business had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same period in the previous year, the company posted $0.52 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. research analysts predict that Mondelez International Inc will post 2.14 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Friday, December 29th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, December 28th. Mondelez International’s dividend payout ratio is presently 61.11%.
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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