Wells Fargo & Company MN lessened its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,219,648 shares of the company’s stock after selling 201,473 shares during the quarter. Wells Fargo & Company MN owned approximately 0.55% of Mondelez International worth $351,800,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of MDLZ. Vanguard Group Inc. raised its position in shares of Mondelez International by 1.2% in the 2nd 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 raised its position in shares of Mondelez International by 7.3% in the 2nd quarter. Northern Trust Corp now owns 21,688,257 shares of the company’s stock worth $936,717,000 after buying an additional 1,470,112 shares during the period. Lindsell Train Ltd raised its position in shares of Mondelez International by 18.3% in the 3rd quarter. Lindsell Train Ltd now owns 19,950,710 shares of the company’s stock worth $811,196,000 after buying an additional 3,086,000 shares during the period. Macquarie Group Ltd. raised its position in shares of Mondelez International by 1.0% in the 3rd quarter. Macquarie Group Ltd. now owns 16,975,186 shares of the company’s stock worth $690,211,000 after buying an additional 175,487 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Mondelez International by 0.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 16,967,667 shares of the company’s stock worth $689,906,000 after buying an additional 47,563 shares during the period. 76.47% of the stock is currently owned by institutional investors.
Several brokerages recently issued reports on MDLZ. TheStreet upgraded Mondelez International from a “c+” rating to a “b” rating in a report on Thursday, December 21st. Susquehanna Bancshares reiterated a “hold” rating and issued a $48.00 price target on shares of Mondelez International in a report on Tuesday, January 30th. Piper Jaffray Companies reiterated a “buy” rating and issued a $52.00 price target on shares of Mondelez International in a report on Thursday, February 1st. Zacks Investment Research downgraded Mondelez International from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, Societe Generale upgraded Mondelez International from a “hold” rating to a “buy” rating and increased their price target for the company from $45.00 to $55.00 in a report on Friday, February 2nd. One equities 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 given a strong buy rating to the company’s stock. Mondelez International currently has a consensus rating of “Buy” and an average target price of $50.69.
In other Mondelez International news, Director Charles E. Bunch bought 2,000 shares of the stock in a transaction dated Friday, February 16th. The stock was 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.
Shares of Mondelez International Inc (NASDAQ MDLZ) traded down $0.14 during trading on Thursday, hitting $43.62. The stock had a trading volume of 10,029,700 shares, compared to its average volume of 9,342,221. The company has a quick ratio of 0.31, a current ratio of 0.48 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $65,085.47, a P/E ratio of 22.84, a PEG ratio of 1.48 and a beta of 0.92. Mondelez International Inc has a 12 month low of $39.19 and a 12 month high of $47.23.
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 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 return on equity of 12.72% and a net margin of 11.28%. The company’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $0.47 earnings per share. sell-side analysts expect that Mondelez International Inc will post 2.47 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th will be paid a dividend of $0.22 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.88 annualized dividend and a dividend yield of 2.02%. Mondelez International’s dividend payout ratio is presently 46.07%.
Mondelez International declared that its board has approved a share buyback program 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 programs are typically a sign that the company’s board believes its shares are undervalued.
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Mondelez International 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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