Stevens First Principles Investment Advisors lifted its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 53,025 shares of the company’s stock after acquiring an additional 2,515 shares during the quarter. Stevens First Principles Investment Advisors’ holdings in Mondelez International were worth $2,269,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of MDLZ. Amundi Pioneer Asset Management Inc. increased its holdings in Mondelez International by 348.9% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 4,044,516 shares of the company’s stock valued at $164,450,000 after buying an additional 3,143,550 shares during the period. Lindsell Train Ltd increased its holdings 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 buying an additional 3,086,000 shares during the period. Eaton Vance Management increased its holdings in Mondelez International by 98.7% during the second quarter. Eaton Vance Management now owns 5,038,277 shares of the company’s stock valued at $217,603,000 after buying an additional 2,502,668 shares during the period. Northern Trust Corp increased its holdings 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 buying an additional 1,470,112 shares during the period. Finally, First Manhattan Co. increased its holdings in Mondelez International by 164.3% during the fourth quarter. First Manhattan Co. now owns 2,246,429 shares of the company’s stock valued at $96,147,000 after buying an additional 1,396,538 shares during the period. 76.07% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on the stock. TheStreet raised shares of Mondelez International from a “c+” rating to a “b” rating in a report on Thursday, December 21st. Piper Jaffray Companies reissued a “buy” rating and set a $52.00 price objective on shares of Mondelez International in a report on Thursday, February 1st. BidaskClub raised shares of Mondelez International from a “strong sell” rating to a “sell” rating in a report on Monday, February 5th. Susquehanna Bancshares reissued a “hold” rating and set a $48.00 price objective on shares of Mondelez International in a report on Tuesday, January 30th. Finally, Societe Generale raised shares of Mondelez International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $45.00 to $55.00 in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average 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 cap of $65,962.28, a P/E ratio of 23.11, a price-to-earnings-growth ratio of 1.49 and a beta of 0.92. Mondelez International Inc has a one year low of $39.19 and a one year high of $47.23. The company has a quick ratio of 0.31, a current ratio of 0.48 and a debt-to-equity ratio of 0.50.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Wednesday, January 31st. The company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.01. The company had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $6.98 billion. Mondelez International had a net margin of 11.28% and a return on equity of 12.72%. Mondelez International’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the firm earned $0.47 earnings per share. equities research analysts anticipate that Mondelez International Inc will post 2.47 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, March 29th will be paid a $0.22 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $0.88 annualized dividend and a yield of 1.99%. Mondelez International’s dividend payout ratio (DPR) is 46.07%.
Mondelez International announced that its Board of Directors has authorized a stock buyback plan on Wednesday, January 31st that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
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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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