Community Bank & Trust Waco Texas raised its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 41.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,643 shares of the company’s stock after purchasing an additional 6,963 shares during the period. Community Bank & Trust Waco Texas’ holdings in Mondelez International were worth $1,012,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Bank of Nova Scotia Trust Co. bought a new position in shares of Mondelez International in the third quarter worth $113,000. Acrospire Investment Management LLC boosted its stake in Mondelez International by 1,450.0% during the second quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock valued at $134,000 after buying an additional 2,900 shares during the period. Chicago Partners Investment Group LLC boosted its stake in Mondelez International by 2,056.3% during the second quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock valued at $157,000 after buying an additional 3,434 shares during the period. Rockefeller Financial Services Inc. boosted its stake in Mondelez International by 300.0% during the third quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock valued at $163,000 after buying an additional 3,000 shares during the period. Finally, Tortoise Investment Management LLC boosted its stake in Mondelez International by 232.4% during the third quarter. Tortoise Investment Management LLC now owns 4,291 shares of the company’s stock valued at $174,000 after buying an additional 3,000 shares during the period. 75.82% of the stock is owned by institutional investors and hedge funds.
In other news, Director Lewis W. K. Booth purchased 1,500 shares of the stock in a transaction on Thursday, November 9th. The shares were acquired at an average price of $41.29 per share, for a total transaction of $61,935.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.60% of the company’s stock.
Mondelez International Inc (MDLZ) traded up $0.52 during midday trading on Wednesday, reaching $42.99. The company’s stock had a trading volume of 8,659,900 shares, compared to its average volume of 7,748,620. Mondelez International Inc has a twelve month low of $39.19 and a twelve month high of $47.23. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $65,720.00, a P/E ratio of 29.85, a price-to-earnings-growth ratio of 1.58 and a beta of 0.97.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Monday, October 30th. The company reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The business had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter last year, the business posted $0.52 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. analysts expect that Mondelez International Inc will post 2.14 earnings per share for the current 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 2.05%. Mondelez International’s payout ratio is 61.11%.
Several equities research analysts recently issued reports on MDLZ shares. TheStreet raised Mondelez International from a “c+” rating to a “b” rating in a research note on Thursday, December 21st. BMO Capital Markets reissued a “buy” rating and set a $48.00 price objective on shares of Mondelez International in a research note on Thursday, November 2nd. UBS Group reissued a “buy” rating and set a $49.00 price objective on shares of Mondelez International in a research note on Friday, October 13th. Zacks Investment Research raised Mondelez International from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Tuesday, October 3rd. Finally, Royal Bank of Canada reissued a “buy” rating and set a $53.00 price objective on shares of Mondelez International in a research note on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $49.43.
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Mondelez International 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.
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