Mondelez International Inc (MDLZ) Holdings Boosted by Cibc Bank USA

Cibc Bank USA grew its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 1.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 42,017 shares of the company’s stock after buying an additional 408 shares during the period. Cibc Bank USA’s holdings in Mondelez International were worth $2,098,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MDLZ. Vanguard Group Inc grew its holdings in shares of Mondelez International by 0.9% in the 3rd 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. grew its holdings in shares of Mondelez International by 4.0% in the 4th 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. Lindsell Train Ltd grew its holdings in Mondelez International by 3.7% during the 1st quarter. Lindsell Train Ltd now owns 31,844,522 shares of the company’s stock valued at $1,589,042,000 after buying an additional 1,134,300 shares during the last quarter. Northern Trust Corp grew its holdings in Mondelez International by 3.6% during the 4th quarter. Northern Trust Corp now owns 20,893,890 shares of the company’s stock valued at $836,382,000 after buying an additional 723,025 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Mondelez International by 11.4% during the 4th quarter. Geode Capital Management LLC now owns 18,875,712 shares of the company’s stock valued at $754,269,000 after buying an additional 1,928,429 shares during the last quarter. Institutional investors own 75.95% of the company’s stock.

In other Mondelez International news, EVP Gerhard W. Pleuhs sold 40,000 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $51.57, for a total transaction of $2,062,800.00. Following the transaction, the executive vice president now owns 110,308 shares of the company’s stock, valued at approximately $5,688,583.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.50% of the company’s stock.

A number of brokerages have commented on MDLZ. ValuEngine upgraded Mondelez International from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. UBS Group increased their target price on Mondelez International to $56.00 and gave the company a “buy” rating in a report on Monday, April 15th. They noted that the move was a valuation call. Credit Suisse Group increased their target price on Mondelez International from $50.00 to $59.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. BidaskClub upgraded Mondelez International from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 16th. Finally, Zacks Investment Research cut Mondelez International from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned 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 $49.67.

Shares of NASDAQ:MDLZ opened at $52.14 on Wednesday. The firm has a market cap of $74.27 billion, a price-to-earnings ratio of 20.96, a P/E/G ratio of 2.72 and a beta of 0.82. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.33 and a current ratio of 0.48. Mondelez International Inc has a one year low of $38.78 and a one year high of $52.98.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 30th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. Mondelez International had a return on equity of 14.17% and a net margin of 12.66%. The firm had revenue of $6.54 billion for the quarter, compared to analysts’ expectations of $6.55 billion. During the same quarter in the prior year, the firm earned $0.62 EPS. Mondelez International’s quarterly revenue was down 3.4% on a year-over-year basis. As a group, equities research analysts forecast that Mondelez International Inc will post 2.49 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Thursday, June 27th. Mondelez International’s dividend payout ratio is presently 42.80%.

WARNING: This piece was reported by WKRB News and is the sole property of of WKRB News. If you are viewing this piece on another publication, it was stolen and republished in violation of US and international copyright law. The correct version of this piece can be read at https://www.wkrb13.com/2019/06/05/mondelez-international-inc-mdlz-holdings-boosted-by-cibc-bank-usa.html.

Mondelez International Profile

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.

Featured Story: What is meant by holder of record?

Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International Inc (NASDAQ:MDLZ).

Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

Receive News & Ratings for Mondelez International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International and related companies with MarketBeat.com's FREE daily email newsletter.