Regentatlantic Capital LLC Reduces Position in Mondelez International Inc (NASDAQ:MDLZ)

Regentatlantic Capital LLC decreased its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 2.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 122,735 shares of the company’s stock after selling 3,456 shares during the period. Regentatlantic Capital LLC’s holdings in Mondelez International were worth $5,253,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Mondelez International by 1.2% in the second quarter. Vanguard Group Inc. now owns 98,799,909 shares of the company’s stock valued at $4,267,168,000 after acquiring an additional 1,168,269 shares during the period. Northern Trust Corp increased its position in shares of Mondelez International by 7.3% in the second quarter. Northern Trust Corp now owns 21,688,257 shares of the company’s stock valued at $936,717,000 after buying an additional 1,470,112 shares in the last quarter. Lindsell Train Ltd increased its position in shares of Mondelez International by 18.3% in the third quarter. Lindsell Train Ltd now owns 19,950,710 shares of the company’s stock valued at $811,196,000 after buying an additional 3,086,000 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of Mondelez International by 1.0% in the third quarter. Macquarie Group Ltd. now owns 16,975,186 shares of the company’s stock valued at $690,211,000 after buying an additional 175,487 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Mondelez International by 0.3% in the third quarter. Bank of New York Mellon Corp now owns 16,967,667 shares of the company’s stock valued at $689,906,000 after buying an additional 47,563 shares in the last quarter. 76.07% of the stock is owned by hedge funds and other institutional investors.

MDLZ has been the subject of a number of recent analyst reports. BMO Capital Markets restated a “buy” rating and issued a $48.00 price objective on shares of Mondelez International in a research report on Thursday, November 2nd. BidaskClub cut Mondelez International from a “sell” rating to a “strong sell” rating in a research report on Friday, January 5th. Buckingham Research dropped their price target on Mondelez International from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, October 31st. JPMorgan Chase & Co. boosted their price target on Mondelez International from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. Finally, Credit Suisse Group boosted their price target on Mondelez International from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $50.69.

Mondelez International Inc (NASDAQ:MDLZ) traded up $0.16 during mid-day trading on Wednesday, reaching $42.96. The company’s stock had a trading volume of 10,230,000 shares, compared to its average volume of 9,650,000. The company has a quick ratio of 0.31, a current ratio of 0.48 and a debt-to-equity ratio of 0.50. The firm has a market cap of $63,900.00, a price-to-earnings ratio of 22.49, a P/E/G ratio of 1.44 and a beta of 0.92. Mondelez International Inc has a 52 week low of $39.19 and a 52 week high of $47.23.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Wednesday, January 31st. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. The company had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.98 billion. Mondelez International had a return on equity of 12.72% and a net margin of 11.28%. Mondelez International’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.47 EPS. equities analysts anticipate that Mondelez International Inc will post 2.47 earnings per share for the current fiscal year.

Mondelez International declared that its board has approved a share repurchase plan on Wednesday, January 31st that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.05%. Mondelez International’s payout ratio is currently 46.07%.

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Mondelez International Company 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.

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

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