KLCM Advisors Inc. acquired a new stake in Mondelez International Inc (NASDAQ:MDLZ) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,264 shares of the company’s stock, valued at approximately $354,000.
Several other hedge funds have also recently made changes to their positions in MDLZ. Linscomb & Williams Inc. grew its holdings in Mondelez International by 0.3% during the second quarter. Linscomb & Williams Inc. now owns 13,433 shares of the company’s stock worth $580,000 after acquiring an additional 39 shares during the period. Aspen Investment Management Inc grew its holdings in Mondelez International by 0.8% during the second quarter. Aspen Investment Management Inc now owns 19,508 shares of the company’s stock worth $843,000 after acquiring an additional 150 shares during the period. M&R Capital Management Inc. grew its holdings in Mondelez International by 1.3% during the second quarter. M&R Capital Management Inc. now owns 22,765 shares of the company’s stock worth $992,000 after acquiring an additional 300 shares during the period. RNC Capital Management LLC grew its holdings in Mondelez International by 8.3% during the second quarter. RNC Capital Management LLC now owns 6,757 shares of the company’s stock worth $292,000 after acquiring an additional 516 shares during the period. Finally, Sentry Investment Management LLC grew its holdings in Mondelez International by 0.6% during the second quarter. Sentry Investment Management LLC now owns 123,050 shares of the company’s stock worth $5,315,000 after acquiring an additional 789 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently commented on the company. Zacks Investment Research lowered Mondelez International from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th. BidaskClub raised Mondelez International from a “strong sell” rating to a “sell” rating in a report on Monday, February 5th. Barclays reaffirmed a “buy” rating and set a $50.00 target price on shares of Mondelez International in a report on Friday, February 2nd. Societe Generale raised Mondelez International from a “hold” rating to a “buy” rating and raised their target price for the stock from $45.00 to $55.00 in a report on Friday, February 2nd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $52.00 target price on shares of Mondelez International in a report on Thursday, February 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have assigned 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.
In other news, Director Trian Fund Management, L.P. bought 1,028,600 shares of the firm’s stock in a transaction dated Friday, March 9th. The shares were acquired at an average price of $44.27 per share, for a total transaction of $45,536,122.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Charles E. Bunch bought 2,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was purchased at an average price of $43.90 per share, for a total transaction of $87,800.00. The disclosure for this purchase can be found here. Company insiders own 3.60% of the company’s stock.
Mondelez International Inc (MDLZ) opened at $43.39 on Friday. The stock has a market capitalization of $65,263.95, a P/E ratio of 22.72, a price-to-earnings-growth ratio of 1.49 and a beta of 0.90. 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 1 year low of $39.19 and a 1 year high of $47.23.
Mondelez International (NASDAQ:MDLZ) last released 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 business had revenue of $6.97 billion for 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 business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 earnings per share. equities analysts forecast that Mondelez International Inc will post 2.47 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th will be given a $0.22 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $0.88 annualized dividend and a dividend yield of 2.03%. Mondelez International’s dividend payout ratio (DPR) is presently 46.07%.
Mondelez International declared that its board has authorized a stock repurchase plan on Wednesday, January 31st that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is 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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