Appleton Partners Inc. MA Has $2.89 Million Stake in Mondelez International Inc (NASDAQ:MDLZ)

Appleton Partners Inc. MA decreased its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 6.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,480 shares of the company’s stock after selling 4,275 shares during the period. Appleton Partners Inc. MA’s holdings in Mondelez International were worth $2,888,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MDLZ. Bank of Nova Scotia Trust Co. acquired a new stake in Mondelez International in the 3rd quarter valued at about $113,000. Acrospire Investment Management LLC raised its position in shares of Mondelez International by 1,450.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock worth $134,000 after acquiring an additional 2,900 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in shares of Mondelez International by 2,056.3% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock worth $157,000 after acquiring an additional 3,434 shares in the last quarter. Rockefeller Financial Services Inc. raised its position in shares of Mondelez International by 300.0% during the 3rd quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock worth $163,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Tortoise Investment Management LLC raised its position in shares of Mondelez International by 232.4% during the 3rd quarter. Tortoise Investment Management LLC now owns 4,291 shares of the company’s stock worth $174,000 after acquiring an additional 3,000 shares in the last quarter. 76.02% of the stock is currently owned by hedge funds and other institutional investors.

In other Mondelez International news, Director Lewis W. K. Booth acquired 1,500 shares of the stock in a transaction dated Thursday, November 9th. The stock was acquired at an average price of $41.29 per share, with a total value of $61,935.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.60% of the stock is owned by insiders.

Mondelez International Inc (NASDAQ MDLZ) traded down $0.37 during midday trading on Friday, hitting $45.50. The stock had a trading volume of 10,788,708 shares, compared to its average volume of 8,580,000. Mondelez International Inc has a 12 month low of $39.19 and a 12 month high of $47.23. The firm has a market capitalization of $67,450.00, a PE ratio of 23.82, a price-to-earnings-growth ratio of 1.66 and a beta of 0.92. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.48.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Wednesday, January 31st. The company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.01. Mondelez International had a return on equity of 12.72% and a net margin of 11.28%. The company had revenue of $6.97 billion during the quarter, compared to analysts’ expectations of $6.98 billion. During the same period in the previous year, the firm posted $0.47 earnings per share. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. analysts forecast that Mondelez International Inc will post 2.44 EPS for the current fiscal year.

Mondelez International announced that its board has initiated a share buyback plan on Wednesday, January 31st that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Stockholders of record on Friday, December 29th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Thursday, December 28th. Mondelez International’s dividend payout ratio is currently 46.07%.

MDLZ has been the topic of a number of research reports. TheStreet upgraded Mondelez International from a “c+” rating to a “b” rating in a research note on Thursday, December 21st. UBS Group reiterated a “buy” rating and issued a $49.00 target price on shares of Mondelez International in a research note on Friday, October 13th. Morgan Stanley lowered their target price on Mondelez International from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, October 13th. Zacks Investment Research upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Friday, January 12th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $52.00 target price on shares of Mondelez International in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Mondelez International currently has an average rating of “Buy” and a consensus target price of $50.65.

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About Mondelez International

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.

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

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