Systematic Financial Management LP Has $2.76 Million Position in Mondelez International Inc (MDLZ)

Systematic Financial Management LP lessened its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,567 shares of the company’s stock after selling 3,252 shares during the period. Systematic Financial Management LP’s holdings in Mondelez International were worth $2,763,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake 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 valued at $4,267,168,000 after purchasing an additional 1,168,269 shares during the last quarter. Northern Trust Corp lifted its stake 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 valued at $936,717,000 after purchasing an additional 1,470,112 shares during the last quarter. Lindsell Train Ltd lifted its stake 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 valued at $811,196,000 after purchasing an additional 3,086,000 shares during the last quarter. Macquarie Group Ltd. lifted its stake 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 valued at $690,211,000 after purchasing an additional 175,487 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in 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 acquiring an additional 47,563 shares during the period. 76.47% of the stock is owned by institutional investors and hedge funds.

In related news, Director Charles E. Bunch acquired 2,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were bought at an average price of $43.90 per share, for a total transaction of $87,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.60% of the company’s stock.

Mondelez International Inc (MDLZ) opened at $43.75 on Friday. Mondelez International Inc has a twelve month low of $39.19 and a twelve month high of $47.23. The company has a current ratio of 0.48, a quick ratio of 0.31 and a debt-to-equity ratio of 0.50. The stock has a market cap of $64,713.64, a PE ratio of 22.91, a PEG ratio of 1.47 and a beta of 0.92.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Wednesday, January 31st. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $6.98 billion. During the same quarter in the previous year, the firm posted $0.47 EPS. The business’s revenue was up 2.9% compared to the same quarter last year. equities research analysts forecast that Mondelez International Inc will post 2.47 earnings per share for the current year.

Mondelez International declared that its board has initiated a stock repurchase program on Wednesday, January 31st that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th will be issued 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 2.01%. Mondelez International’s payout ratio is 46.07%.

Several research analysts recently commented on the stock. Bank of America lifted their target price on shares of Mondelez International from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Morgan Stanley lifted their target price on shares of Mondelez International from $49.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Societe Generale upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $45.00 to $55.00 in a report on Friday, February 2nd. Piper Jaffray Companies reiterated a “buy” rating and issued a $52.00 target price on shares of Mondelez International in a report on Thursday, February 1st. Finally, Barclays reiterated a “buy” rating and issued a $50.00 target price on shares of Mondelez International in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $50.69.

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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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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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