Trian Fund Management L.P. Has $1.01 Billion Stock Holdings in Mondelez International Inc (NASDAQ:MDLZ)

Trian Fund Management L.P. raised its stake in Mondelez International Inc (NASDAQ:MDLZ) by 0.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 18,828,276 shares of the company’s stock after purchasing an additional 3,406 shares during the quarter. Mondelez International accounts for 10.7% of Trian Fund Management L.P.’s portfolio, making the stock its 3rd biggest position. Trian Fund Management L.P. owned 1.31% of Mondelez International worth $1,014,844,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Mondelez International by 1.2% during the second quarter. Vanguard Group Inc. now owns 110,134,622 shares of the company’s stock valued at $5,936,256,000 after buying an additional 1,358,125 shares during the period. BlackRock Inc. increased its stake in shares of Mondelez International by 3.4% during the second quarter. BlackRock Inc. now owns 92,978,464 shares of the company’s stock valued at $5,011,539,000 after buying an additional 3,027,963 shares during the period. Lindsell Train Ltd increased its stake in shares of Mondelez International by 5.7% during the second quarter. Lindsell Train Ltd now owns 33,644,019 shares of the company’s stock valued at $1,813,076,000 after buying an additional 1,799,497 shares during the period. Northern Trust Corp increased its stake in shares of Mondelez International by 1.3% during the second quarter. Northern Trust Corp now owns 21,534,342 shares of the company’s stock valued at $1,160,701,000 after buying an additional 286,549 shares during the period. Finally, FMR LLC increased its stake in shares of Mondelez International by 17.8% during the first quarter. FMR LLC now owns 20,048,480 shares of the company’s stock valued at $1,000,819,000 after buying an additional 3,034,020 shares during the period. 76.44% of the stock is currently owned by hedge funds and other institutional investors.

MDLZ has been the topic of several research analyst reports. Stifel Nicolaus boosted their target price on Mondelez International from $52.00 to $55.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. BidaskClub raised Mondelez International from a “hold” rating to a “buy” rating in a research note on Saturday, August 10th. Credit Suisse Group boosted their target price on Mondelez International from $59.00 to $61.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Piper Jaffray Companies set a $62.00 target price on Mondelez International and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, UBS Group set a $62.00 target price on Mondelez International and gave the company a “buy” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the stock. Mondelez International presently has an average rating of “Buy” and an average price target of $57.50.



In related news, EVP Vinzenz P. Gruber sold 40,377 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $56.68, for a total value of $2,288,568.36. Following the sale, the executive vice president now directly owns 112,137 shares of the company’s stock, valued at $6,355,925.16. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.50% of the stock is owned by corporate insiders.

MDLZ stock traded down $0.39 during midday trading on Friday, hitting $54.65. The stock had a trading volume of 7,437,107 shares, compared to its average volume of 5,059,592. The firm has a market cap of $78.91 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 2.87 and a beta of 0.82. The business has a 50-day moving average of $54.58 and a two-hundred day moving average of $52.51. Mondelez International Inc has a 52-week low of $38.78 and a 52-week high of $56.72. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.44 and a quick ratio of 0.29.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.57 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.57. The company had revenue of $6.06 billion for the quarter, compared to analysts’ expectations of $6.03 billion. Mondelez International had a return on equity of 14.07% and a net margin of 14.57%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 earnings per share. Research analysts predict that Mondelez International Inc will post 2.48 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be paid a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 2.09%. This is a boost from Mondelez International’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, September 27th. Mondelez International’s dividend payout ratio is presently 42.80%.

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

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