Stevens First Principles Investment Advisors lifted its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,025 shares of the company’s stock after buying an additional 2,515 shares during the period. Stevens First Principles Investment Advisors’ holdings in Mondelez International were worth $2,269,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Mondelez International by 1.2% during the second quarter. Vanguard Group Inc. now owns 98,799,909 shares of the company’s stock worth $4,267,168,000 after buying an additional 1,168,269 shares during the period. Northern Trust Corp lifted its position in Mondelez International by 7.3% during the second 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 period. Lindsell Train Ltd lifted its position in Mondelez International by 18.3% during the third 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 period. Macquarie Group Ltd. lifted its position in Mondelez International by 1.0% during the third quarter. Macquarie Group Ltd. now owns 16,975,186 shares of the company’s stock valued at $690,211,000 after purchasing an additional 175,487 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Mondelez International by 0.3% during 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 purchasing an additional 47,563 shares during the period. Institutional investors and hedge funds own 76.07% of the company’s stock.
Mondelez International Inc (NASDAQ:MDLZ) opened at $44.14 on Friday. 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 debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.31. The firm has a market cap of $65,962.28, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 1.49 and a beta of 0.92.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Wednesday, January 31st. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. Mondelez International had a net margin of 11.28% and a return on equity of 12.72%. The company had revenue of $6.97 billion during the quarter, compared to analysts’ expectations of $6.98 billion. During the same quarter in the previous year, the company earned $0.47 earnings per share. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. equities research analysts expect that Mondelez International Inc will post 2.47 EPS for the current fiscal year.
Mondelez International declared that its board has authorized a share repurchase plan on Wednesday, January 31st that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, March 29th will be issued a $0.22 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $0.88 dividend on an annualized basis and a yield of 1.99%. Mondelez International’s payout ratio is 46.07%.
A number of research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. TheStreet upgraded shares of Mondelez International from a “c+” rating to a “b” rating in a research report on Thursday, December 21st. Piper Jaffray Companies restated a “buy” rating and set a $52.00 target price on shares of Mondelez International in a research report on Thursday, February 1st. Barclays restated a “buy” rating and set a $50.00 target price on shares of Mondelez International in a research report on Friday, February 2nd. Finally, Susquehanna Bancshares set a $45.00 target price on shares of Mondelez International and gave the company a “hold” rating in a research report on Monday, October 30th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $50.69.
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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.
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