Nations Financial Group Inc. IA ADV reduced its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 23.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,383 shares of the company’s stock after selling 1,999 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Mondelez International were worth $273,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MDLZ. Bank of Nova Scotia Trust Co. purchased a new position in shares of Mondelez International during the third quarter worth $113,000. Cerebellum GP LLC purchased a new position in shares of Mondelez International during the fourth quarter worth $127,000. Acrospire Investment Management LLC boosted its position in shares of Mondelez International by 1,450.0% during the second quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock worth $134,000 after buying an additional 2,900 shares during the period. Taylor Hoffman Wealth Management purchased a new position in shares of Mondelez International during the fourth quarter worth $144,000. Finally, Rockefeller Financial Services Inc. boosted its position in shares of Mondelez International by 300.0% during the third quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock worth $163,000 after buying an additional 3,000 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.
In other Mondelez International news, Director Charles E. Bunch purchased 2,000 shares of the business’s stock in a transaction on Friday, February 16th. The shares were bought at an average cost of $43.90 per share, for a total transaction of $87,800.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.60% of the stock is owned by company insiders.
Mondelez International Inc (NASDAQ:MDLZ) opened at $43.76 on Wednesday. The stock has a market capitalization of $65,650.66, a price-to-earnings ratio of 20.53, 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 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 released its earnings results on Wednesday, January 31st. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.01. Mondelez International had a return on equity of 12.72% and a net margin of 11.28%. The firm had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.98 billion. During the same period last year, the business posted $0.47 earnings per share. Mondelez International’s revenue was up 2.9% compared to the same quarter last year. research analysts anticipate that Mondelez International Inc will post 2.47 EPS for the current year.
Mondelez International announced that its board has authorized a share buyback plan on Wednesday, January 31st that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.
The firm also recently declared 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. This represents a $0.88 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Wednesday, March 28th. Mondelez International’s dividend payout ratio is presently 46.07%.
Several research analysts have recently commented on MDLZ shares. Susquehanna Bancshares set a $45.00 price target on Mondelez International and gave the stock a “hold” rating in a research report on Monday, October 30th. Buckingham Research lowered 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. Credit Suisse Group raised 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. JPMorgan Chase & Co. raised 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, BMO Capital Markets reiterated a “buy” rating and issued a $48.00 target price on shares of Mondelez International in a report on Thursday, November 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 issued a strong buy rating to the company. The company 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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