Haverford Financial Services Inc. boosted its stake in Mondelez International Inc (NASDAQ:MDLZ) by 57.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 115,792 shares of the company’s stock after purchasing an additional 42,418 shares during the period. Mondelez International comprises 1.8% of Haverford Financial Services Inc.’s investment portfolio, making the stock its 27th largest position. Haverford Financial Services Inc.’s holdings in Mondelez International were worth $4,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Mondelez International by 95.5% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,871,082 shares of the company’s stock valued at $425,709,000 after purchasing an additional 4,821,400 shares in the last quarter. Bessemer Group Inc. increased its position in Mondelez International by 8,492.9% during the second quarter. Bessemer Group Inc. now owns 4,136,467 shares of the company’s stock valued at $178,655,000 after acquiring an additional 4,088,329 shares during the last quarter. Lindsell Train Ltd increased its position in Mondelez International by 18.3% during the third quarter. Lindsell Train Ltd now owns 19,950,710 shares of the company’s stock valued at $811,196,000 after acquiring an additional 3,086,000 shares during the last quarter. Renaissance Technologies LLC increased its position in Mondelez International by 186.2% during the first quarter. Renaissance Technologies LLC now owns 4,573,598 shares of the company’s stock valued at $197,031,000 after acquiring an additional 2,975,800 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Mondelez International by 2.9% during the first quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock valued at $4,205,971,000 after acquiring an additional 2,720,253 shares during the last quarter. 75.78% of the stock is currently owned by institutional investors and hedge funds.
MDLZ has been the subject of a number of analyst reports. Piper Jaffray Companies restated a “buy” rating and issued a $49.00 price target on shares of Mondelez International in a research report on Tuesday, September 19th. Sanford C. Bernstein restated an “outperform” rating and issued a $55.00 price target on shares of Mondelez International in a research report on Wednesday, September 20th. Royal Bank of Canada reiterated a “buy” rating and set a $53.00 target price on shares of Mondelez International in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Tuesday, October 3rd. Finally, Morgan Stanley dropped their price target on Mondelez International from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, October 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $49.43.
Shares of Mondelez International Inc (NASDAQ MDLZ) traded down $0.04 during trading hours on Friday, hitting $42.47. The stock had a trading volume of 7,179,415 shares, compared to its average volume of 8,800,000. Mondelez International Inc has a twelve month low of $39.19 and a twelve month high of $47.23. The stock has a market cap of $63,470.00, a P/E ratio of 29.49, a PEG ratio of 1.58 and a beta of 0.97. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.51 and a quick ratio of 0.34.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Monday, October 30th. The company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. The firm had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.45 billion. Mondelez International had a return on equity of 15.38% and a net margin of 13.63%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 EPS. sell-side analysts forecast that Mondelez International Inc will post 2.14 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, January 11th. Shareholders of record on Friday, December 29th were given a dividend of $0.22 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.07%. Mondelez International’s dividend payout ratio is currently 61.11%.
In other news, Director Lewis W. K. Booth purchased 1,500 shares of the stock in a transaction on Thursday, November 9th. The stock was bought at an average price of $41.29 per share, with a total value of $61,935.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.60% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Haverford Financial Services Inc. Has $4.71 Million Stake in Mondelez International Inc (NASDAQ:MDLZ)” was originally published by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this report can be viewed at https://www.thelincolnianonline.com/2018/01/13/haverford-financial-services-inc-grows-stake-in-mondelez-international-inc-mdlz-updated-updated.html.
Mondelez International Company Profile
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.
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.