UBS Asset Management Americas Inc. reduced its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,935,418 shares of the company’s stock after selling 333,423 shares during the quarter. UBS Asset Management Americas Inc. owned 0.66% of Mondelez International worth $425,236,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in MDLZ. Amundi Pioneer Asset Management Inc. increased its stake in Mondelez International by 348.9% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 4,044,516 shares of the company’s stock worth $164,450,000 after acquiring an additional 3,143,550 shares during the last quarter. Lindsell Train Ltd increased its position in shares of Mondelez International by 18.3% during the 3rd quarter. Lindsell Train Ltd now owns 19,950,710 shares of the company’s stock valued at $811,196,000 after purchasing an additional 3,086,000 shares during the last quarter. Eaton Vance Management increased its position in shares of Mondelez International by 98.7% during the 2nd quarter. Eaton Vance Management now owns 5,038,277 shares of the company’s stock valued at $217,603,000 after purchasing an additional 2,502,668 shares during the last quarter. Northern Trust Corp increased its position in shares of Mondelez International by 7.3% during the 2nd quarter. Northern Trust Corp now owns 21,688,257 shares of the company’s stock valued at $936,717,000 after purchasing an additional 1,470,112 shares during the last quarter. Finally, First Manhattan Co. increased its position in shares of Mondelez International by 164.3% during the 4th quarter. First Manhattan Co. now owns 2,246,429 shares of the company’s stock valued at $96,147,000 after purchasing an additional 1,396,538 shares during the last quarter. Institutional investors and hedge funds own 76.07% of the company’s stock.
Several equities analysts have recently commented on the company. TheStreet upgraded Mondelez International from a “c+” rating to a “b” rating in a research report on Thursday, December 21st. Zacks Investment Research upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Friday, January 12th. Piper Jaffray Companies reiterated a “buy” rating and set a $52.00 price objective on shares of Mondelez International in a research report on Thursday, February 1st. Buckingham Research reduced their price objective on Mondelez International from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, October 31st. Finally, Susquehanna Bancshares reiterated a “hold” rating and set a $48.00 price objective on shares of Mondelez International in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $50.69.
Shares of Mondelez International Inc (NASDAQ MDLZ) opened at $44.14 on Friday. The firm has a market capitalization of $65,872.63, a PE ratio of 23.11, a P/E/G ratio of 1.49 and a beta of 0.92. Mondelez International Inc has a fifty-two week low of $39.19 and a fifty-two week high of $47.23. The company has a current ratio of 0.48, a quick ratio of 0.31 and a debt-to-equity ratio of 0.50.
Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Wednesday, January 31st. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.01. The company had revenue of $6.97 billion during the quarter, compared to analysts’ expectations of $6.98 billion. Mondelez International had a return on equity of 12.72% and a net margin of 11.28%. Mondelez International’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 EPS. equities analysts predict that Mondelez International Inc will post 2.47 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Wednesday, March 28th. Mondelez International’s dividend payout ratio is presently 46.07%.
Mondelez International announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, January 31st that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
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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.
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