Shell Asset Management Co. lessened its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 73.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 119,856 shares of the company’s stock after selling 334,786 shares during the period. Shell Asset Management Co.’s holdings in Mondelez International were worth $5,130,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Banque Pictet & Cie SA lifted its stake in shares of Mondelez International by 90.1% in the 2nd quarter. Banque Pictet & Cie SA now owns 18,904 shares of the company’s stock worth $816,000 after purchasing an additional 8,962 shares during the period. Aberdeen Asset Management PLC UK raised its stake in Mondelez International by 11.2% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 465,221 shares of the company’s stock worth $20,093,000 after acquiring an additional 46,992 shares during the period. Engineers Gate Manager LP bought a new stake in Mondelez International during the 2nd quarter worth approximately $3,867,000. South Dakota Investment Council raised its stake in Mondelez International by 130.3% during the 2nd quarter. South Dakota Investment Council now owns 452,848 shares of the company’s stock worth $19,559,000 after acquiring an additional 256,250 shares during the period. Finally, Summit Global Investments bought a new stake in Mondelez International during the 2nd quarter worth approximately $486,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.
Shares of Mondelez International Inc (NASDAQ MDLZ) opened at $44.14 on Monday. 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 Inc has a fifty-two week low of $39.19 and a fifty-two week high of $47.23. The stock has a market cap of $65,650.66, a P/E ratio of 20.53, a price-to-earnings-growth ratio of 1.49 and a beta of 0.92.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $6.98 billion. During the same period last year, the firm posted $0.47 EPS. The company’s revenue was up 2.9% on a year-over-year basis. equities research analysts anticipate that Mondelez International Inc will post 2.47 earnings per share for the current year.
Mondelez International announced that its Board of Directors has initiated a share repurchase plan on Wednesday, January 31st that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The business 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 dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Wednesday, March 28th. Mondelez International’s dividend payout ratio (DPR) is currently 46.07%.
A number of equities research analysts have commented on the stock. TheStreet upgraded shares of Mondelez International from a “c+” rating to a “b” rating in a research note on Thursday, December 21st. Zacks Investment Research upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Friday, January 12th. Piper Jaffray Companies restated a “buy” rating and set a $52.00 target price on shares of Mondelez International in a research note on Thursday, February 1st. Buckingham Research decreased their target price 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. Finally, Susquehanna Bancshares restated a “hold” rating and set a $48.00 target price on shares of Mondelez International in a research note on Tuesday, January 30th. One investment 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. Mondelez International presently has an average rating of “Buy” and an average target price of $50.69.
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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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