Checchi Capital Advisers LLC Grows Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Checchi Capital Advisers LLC lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZGet Rating) by 7.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,661 shares of the company’s stock after buying an additional 1,032 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Mondelez International were worth $983,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Norges Bank purchased a new stake in Mondelez International in the 4th quarter worth $878,654,000. First Trust Advisors LP increased its holdings in shares of Mondelez International by 176.4% in the 4th quarter. First Trust Advisors LP now owns 4,526,315 shares of the company’s stock worth $300,140,000 after buying an additional 2,888,435 shares during the last quarter. GQG Partners LLC bought a new stake in shares of Mondelez International in the 4th quarter worth about $148,957,000. Capital International Investors increased its holdings in shares of Mondelez International by 14.6% in the 4th quarter. Capital International Investors now owns 17,008,751 shares of the company’s stock worth $1,127,779,000 after buying an additional 2,162,384 shares during the last quarter. Finally, Toronto Dominion Bank increased its holdings in shares of Mondelez International by 95.4% in the 4th quarter. Toronto Dominion Bank now owns 2,491,616 shares of the company’s stock worth $135,454,000 after buying an additional 1,216,418 shares during the last quarter. Hedge funds and other institutional investors own 77.10% of the company’s stock.

Analyst Ratings Changes

MDLZ has been the topic of a number of research reports. Credit Suisse Group initiated coverage on shares of Mondelez International in a report on Tuesday, April 12th. They issued an “outperform” rating and a $70.00 target price on the stock. Mizuho dropped their target price on shares of Mondelez International from $77.00 to $75.00 in a research note on Wednesday, April 27th. Sanford C. Bernstein upped their target price on shares of Mondelez International to $79.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Mondelez International from $73.00 to $70.00 in a research report on Monday, July 18th. Finally, UBS Group lowered their price target on shares of Mondelez International to $73.00 in a research report on Friday, July 22nd. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $73.18.

Mondelez International Trading Down 0.7 %

Shares of Mondelez International stock opened at $63.77 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.45 and a debt-to-equity ratio of 0.65. Mondelez International, Inc. has a 12-month low of $57.63 and a 12-month high of $69.47. The firm has a market capitalization of $87.40 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 3.20 and a beta of 0.60. The firm’s 50 day simple moving average is $62.05 and its two-hundred day simple moving average is $63.60.

Mondelez International (NASDAQ:MDLZGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. Mondelez International had a net margin of 12.93% and a return on equity of 14.67%. During the same quarter last year, the business posted $0.66 EPS. Analysts predict that Mondelez International, Inc. will post 2.91 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a $0.385 dividend. The ex-dividend date is Thursday, September 29th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 2.41%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.35. Mondelez International’s dividend payout ratio is presently 50.91%.

Insider Transactions at Mondelez International

In other news, EVP Robin S. Hargrove sold 30,500 shares of the stock in a transaction on Wednesday, May 11th. The shares were sold at an average price of $65.86, for a total value of $2,008,730.00. Following the sale, the executive vice president now owns 32,024 shares in the company, valued at $2,109,100.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.32% of the company’s stock.

Mondelez International Profile

(Get Rating)

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.

Further Reading

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

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