Latest Stocks: ING Groep NV Has $13.65 Million Position in Mondelez International Inc (MDLZ)

Latest Stocks: ING Groep NV Has $13.65 Million Position in Mondelez International Inc (MDLZ)

ING Groep NV decreased its position in Mondelez International Inc (NASDAQ:MDLZ) by 9.5% during the first quarter, Holdings Channel reports. The firm owned 316,805 shares of the company’s stock after selling 33,151 shares during the period. ING Groep NV’s holdings in Mondelez International were worth $13,648,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in MDLZ. Parnassus Investments CA increased its stake in Mondelez International by 9.8% in the first quarter. Parnassus Investments CA now owns 11,466,220 shares of the company’s stock worth $478,548,000 after buying an additional 1,020,219 shares during the period. Norris Perne & French LLP MI increased its stake in Mondelez International by 1.3% in the first quarter. Norris Perne & French LLP MI now owns 110,913 shares of the company’s stock worth $4,778,000 after buying an additional 1,458 shares during the period. Webster Bank N. A. increased its stake in Mondelez International by 4.8% in the first quarter. Webster Bank N. A. now owns 61,063 shares of the company’s stock worth $2,630,000 after buying an additional 2,783 shares during the period. C WorldWide Group Holding A S increased its stake in Mondelez International by 96.2% in the first quarter. C WorldWide Group Holding A S now owns 365,238 shares of the company’s stock worth $15,734,000 after buying an additional 179,069 shares during the period. Finally, Commerzbank Aktiengesellschaft FI increased its stake in Mondelez International by 26.6% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 438,263 shares of the company’s stock worth $18,880,000 after buying an additional 91,968 shares during the period. 75.43% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Inc (NASDAQ MDLZ) opened at 47.00 on Tuesday. The company has a market cap of $71.31 billion, a PE ratio of 42.46 and a beta of 1.08. The stock has a 50 day moving average of $45.35 and a 200-day moving average of $44.31. Mondelez International Inc has a 1-year low of $40.50 and a 1-year high of $47.23.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, May 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.03. The business had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.37 billion. Mondelez International had a net margin of 6.40% and a return on equity of 11.12%. On average, equities research analysts predict that Mondelez International Inc will post $2.11 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 13th. Investors of record on Friday, June 30th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.76 annualized dividend and a dividend yield of 1.62%. Mondelez International’s dividend payout ratio is 72.38%. A number of research analysts have commented on MDLZ shares. Morgan Stanley raised their price target on shares of Mondelez International from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Thursday, May 25th. Piper Jaffray Companies started coverage on shares of Mondelez International in a research note on Wednesday, May 24th. They set a “neutral” rating and a $48.00 price target for the company. Royal Bank of Canada restated a “buy” rating and set a $54.00 price target on shares of Mondelez International in a research note on Monday, May 22nd. Credit Suisse Group AG restated a “buy” rating and set a $50.00 price target on shares of Mondelez International in a research note on Wednesday, May 3rd. Finally, Goldman Sachs Group Inc set a $53.00 price target on shares of Mondelez International and gave the stock a “conviction-buy” rating in a research note on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Mondelez International presently has a consensus rating of “Buy” and an average target price of $49.34.

In related news, EVP Robin S. Hargrove sold 6,000 shares of the stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $44.87, for a total transaction of $269,220.00. Following the sale, the executive vice president now owns 14,663 shares in the company, valued at approximately $657,928.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Trian Fund Management, L.P. sold 1,731,410 shares of the stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $44.71, for a total transaction of $77,411,341.10. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock. Mondelez International Company Profile

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

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).

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