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.
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%.
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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.
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