Mondelez International Inc (MDLZ) Position Boosted by Close Asset Management Ltd

Close Asset Management Ltd boosted its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 7,500.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,001 shares of the company’s stock after buying an additional 18,751 shares during the quarter. Close Asset Management Ltd’s holdings in Mondelez International were worth $948,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc boosted its stake in Mondelez International by 0.9% in the third quarter. Vanguard Group Inc now owns 105,273,083 shares of the company’s stock valued at $4,522,531,000 after acquiring an additional 944,384 shares in the last quarter. BlackRock Inc. boosted its stake in Mondelez International by 4.0% in the fourth quarter. BlackRock Inc. now owns 90,450,969 shares of the company’s stock valued at $3,620,751,000 after acquiring an additional 3,487,619 shares in the last quarter. Lindsell Train Ltd boosted its stake in Mondelez International by 3.7% in the first quarter. Lindsell Train Ltd now owns 31,844,522 shares of the company’s stock valued at $1,589,042,000 after acquiring an additional 1,134,300 shares in the last quarter. Northern Trust Corp boosted its stake in Mondelez International by 3.6% in the fourth quarter. Northern Trust Corp now owns 20,893,890 shares of the company’s stock valued at $836,382,000 after acquiring an additional 723,025 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Mondelez International by 11.4% in the fourth quarter. Geode Capital Management LLC now owns 18,875,712 shares of the company’s stock valued at $754,269,000 after acquiring an additional 1,928,429 shares in the last quarter. 75.95% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Gerhard W. Pleuhs sold 40,000 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $51.57, for a total transaction of $2,062,800.00. Following the completion of the sale, the executive vice president now owns 110,308 shares in the company, valued at $5,688,583.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is currently owned by corporate insiders.

MDLZ has been the subject of several research analyst reports. Piper Jaffray Companies set a $48.00 price objective on shares of Mondelez International and gave the company a “buy” rating in a research note on Friday, April 5th. Zacks Investment Research downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a research note on Wednesday, April 17th. BidaskClub downgraded shares of Mondelez International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. ValuEngine downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Finally, Credit Suisse Group upped their price objective on shares of Mondelez International from $50.00 to $59.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $49.67.

Shares of MDLZ opened at $52.14 on Wednesday. Mondelez International Inc has a fifty-two week low of $38.78 and a fifty-two week high of $52.98. The stock has a market cap of $73.25 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 2.68 and a beta of 0.82. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.33.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 30th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.04. Mondelez International had a net margin of 12.66% and a return on equity of 14.17%. The business had revenue of $6.54 billion during the quarter, compared to the consensus estimate of $6.55 billion. During the same quarter in the prior year, the firm earned $0.62 earnings per share. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Mondelez International Inc will post 2.49 EPS for the current year.

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

TRADEMARK VIOLATION WARNING: This report was originally reported by WKRB News and is owned by of WKRB News. If you are accessing this report on another website, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The original version of this report can be viewed at https://www.wkrb13.com/2019/06/05/mondelez-international-inc-mdlz-position-boosted-by-close-asset-management-ltd.html.

About Mondelez International

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: Average Daily Trade Volume Explained

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.