CENTRAL TRUST Co lessened its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 87,274 shares of the company’s stock after selling 2,281 shares during the quarter. CENTRAL TRUST Co’s holdings in Mondelez International were worth $3,736,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Bank of Nova Scotia Trust Co. purchased a new stake in Mondelez International in the 3rd quarter valued at $113,000. Acrospire Investment Management LLC raised its position in Mondelez International by 1,450.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock valued at $134,000 after purchasing an additional 2,900 shares during the last quarter. Chicago Partners Investment Group LLC raised its position in Mondelez International by 2,056.3% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock valued at $157,000 after purchasing an additional 3,434 shares during the last quarter. Rockefeller Financial Services Inc. raised its position in Mondelez International by 300.0% in the 3rd quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock valued at $163,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Tortoise Investment Management LLC raised its position in Mondelez International by 232.4% in the 3rd quarter. Tortoise Investment Management LLC now owns 4,291 shares of the company’s stock valued at $174,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 76.07% of the company’s stock.
Mondelez International Inc (MDLZ) opened at $42.96 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.31 and a current ratio of 0.48. Mondelez International Inc has a 12 month low of $39.19 and a 12 month high of $47.23. The firm has a market cap of $63,900.00, a price-to-earnings ratio of 22.49, a PEG ratio of 1.44 and a beta of 0.92.
Mondelez International (NASDAQ:MDLZ) last posted 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 net margin of 11.28% and a return on equity of 12.72%. The business had revenue of $6.97 billion for the quarter, compared to analysts’ expectations of $6.98 billion. During the same period in the prior year, the company posted $0.47 EPS. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. research analysts predict that Mondelez International Inc will post 2.47 earnings per share for the current year.
Mondelez International declared that its board has authorized a share buyback program on Wednesday, January 31st that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th will be paid a dividend of $0.22 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.05%. Mondelez International’s dividend payout ratio (DPR) is presently 46.07%.
Several analysts recently commented on MDLZ shares. BMO Capital Markets reiterated a “buy” rating and issued a $48.00 price target on shares of Mondelez International in a research report on Thursday, November 2nd. BidaskClub cut shares of Mondelez International from a “sell” rating to a “strong sell” rating in a research note on Friday, January 5th. Buckingham Research dropped their price objective on shares of Mondelez International from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, October 31st. JPMorgan Chase & Co. boosted their price objective on shares of Mondelez International from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Finally, Zacks Investment Research raised shares of Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $50.69.
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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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