Economy

Mondelez International, Inc. (MDLZ) Shares Sold by Franklin Resources Inc

Currently, 1.0% of the shares of the company are short sold. About 3.43 million shares traded.

Several brokerages have recently weighed in on MDLZ. Piper Jaffray Companies upgraded shares of Mondelez International from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $48.00 to $49.00 in a research report on Tuesday, July 25th. In third place is State Street Corp with 63,845,664 shares held. For the next 5 years, Mondelez International, Inc.is expecting Growth of 10.5% per annum, whereas in the past 5 years the growth was 3.92% per annum.

Analysts have given a mean recommendation of 2.50 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Mondelez International, Inc. (NASDAQ:MDLZ) has a 20-Day average volume of 7.18 Million.

Mondelez International Inc. has a one year low of $35.88 and a one year high of $47.00. When looking at the past five sessions, the stock returned 0.44% gains and is down by -6.34% compared with its 200-day moving average of $43.44. Shares are now up over the past year, outperforming the broad market by -100% and outperformed a peer group of similar companies by 58%. The hedge fund run by Nelson Peltz held 42.50 million shares of the consumer non-durables company at the end of 2017Q2, valued at $1.84 billion, down from 44.23 million at the end of the previous reported quarter.

Mondelez International, Inc. (NASDAQ:MDLZ) gross margin percentage stands at 38.8% while its operating margin for the past trailing twelve month is 8.8 percent and its overall profit margin (ttm) is 6.9 Percent. The firm had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.98 billion. During the same period in the prior year, the company posted $0.44 EPS. Additionally the company announced a dividend for shareholders that was paid on Thursday the 12th of October 2017. As per Friday, September 29, the company rating was downgraded by Citigroup. More interesting news about Mondelez International Inc (NASDAQ:MDLZ) were released by: Seekingalpha.com and their article: "Credit Suisse chimes in on Mondelez International" published on October 23, 2017 as well as Nasdaq.com's news article titled: "Mondelez International Names Glen Walter EVP and President, North America" with publication date: October 25, 2017. This is a boost from Mondelez International's previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a dividend yield of 2.15%. Mondelez International's dividend payout ratio is 77.19%.

In other Mondelez International news, EVP Maurizio Brusadelli sold 6,248 shares of the firm's stock in a transaction that occurred on Tuesday, August 8th. (MDLZ) and 4 sells - amounting to a total of 7 insider trades during that timeframe. Following the completion of the sale, the executive vice president now directly owns 61,651 shares in the company, valued at $2,697,847.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The stock was sold at an average price of $40.94, for a total transaction of $286,580.00.

By taking a look at the stock's current statistics it can gauged that the stock candle is BEARISH with LOW volatility. The disclosure for this sale can be found here. The firm owned 5,038,277 shares of the company's stock after purchasing an additional 2,502,668 shares during the quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MDLZ. Finally, Riverhead Capital Management LLC increased its stake in shares of Mondelez International by 40.1% in the first quarter. Mason Street Advisors Llc bought 178,303 shares as the company's stock declined 18.09% while stock markets rallied. YorkBridge Wealth Partners LLC raised its position in Mondelez International by 21.6% in the first quarter.

Franklin Resources Inc. cut its stake in shares of Mondelez International, Inc. 1832 Asset Management L.P. now owns 276,614 shares of the company's stock valued at $18,418,000 after buying an additional 275,676 shares in the last quarter. KCG Holdings Inc. lifted its stake in Mondelez International by 858.7% in the 1st quarter. The value in dollars went from $21,537,000 to $6,537,000 a change of 13.6% since the last quarter.

COPYRIGHT VIOLATION NOTICE: This report was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this article on another website, it was illegally stolen and republished in violation of United States and worldwide copyright & trademark law. The original version of this report can be accessed at https://stocknewstimes.com/2017/10/27/eaton-vance-management-grows-holdings-in-mondelez-international-inc-mdlz.html. Rbo Communication Ltd Llc has invested 3.38% in Mondelez International Inc (NASDAQ:MDLZ).



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