Xact Kapitalforvaltning AB raised its position in Mondelez International Inc (NASDAQ:MDLZ) by 7.0% in the fourth quarter, Holdings Channel reports. The fund owned 253,806 shares of the company’s stock after buying an additional 16,711 shares during the period. Xact Kapitalforvaltning AB’s holdings in Mondelez International were worth $10,863,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its position in shares of Mondelez International by 3,206.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 44,532 shares of the company’s stock worth $1,906,000 after buying an additional 43,185 shares during the last quarter. Sand Hill Global Advisors LLC purchased a new stake in shares of Mondelez International during the 3rd quarter worth approximately $4,113,000. Timber Hill LLC purchased a new stake in shares of Mondelez International during the 4th quarter worth approximately $4,451,000. Keybank National Association OH lifted its position in shares of Mondelez International by 3.4% during the 3rd quarter. Keybank National Association OH now owns 1,040,550 shares of the company’s stock worth $42,309,000 after buying an additional 34,038 shares during the last quarter. Finally, Swiss National Bank lifted its position in shares of Mondelez International by 0.4% during the 3rd quarter. Swiss National Bank now owns 5,598,377 shares of the company’s stock worth $227,630,000 after buying an additional 20,500 shares during the last quarter. Institutional investors own 75.84% of the company’s stock.
Shares of Mondelez International stock traded down $0.35 on Thursday, reaching $41.68. 742,787 shares of the company’s stock traded hands, compared to its average volume of 9,574,228. 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 cap of $62,988.34, a PE ratio of 22.01, a P/E/G ratio of 1.44 and a beta of 0.90. 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 quarterly earnings data on Wednesday, January 31st. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.01. The company had revenue of $6.97 billion for the quarter, compared to analysts’ expectations of $6.98 billion. Mondelez International had a net margin of 11.28% and a return on equity of 12.72%. Mondelez International’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 EPS. sell-side analysts anticipate that Mondelez International Inc will post 2.47 EPS for the current fiscal year.
The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.88 annualized dividend and a yield of 2.11%. Mondelez International’s dividend payout ratio is currently 46.07%.
Mondelez International declared that its Board of Directors has initiated 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 repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.
MDLZ has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Tuesday. BidaskClub downgraded shares of Mondelez International from a “sell” rating to a “strong sell” rating in a research report on Friday, January 5th. Morgan Stanley lifted their target price on shares of Mondelez International from $49.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Societe Generale raised shares of Mondelez International from a “hold” rating to a “buy” rating and lifted their target price for the company from $45.00 to $55.00 in a report on Friday, February 2nd. Finally, Susquehanna Bancshares reaffirmed a “hold” rating and issued a $48.00 target price on shares of Mondelez International in a report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $50.44.
In other Mondelez International news, EVP Hubert Weber sold 10,931 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $43.79, for a total value of $478,668.49. Following the transaction, the executive vice president now directly owns 160,865 shares of the company’s stock, valued at approximately $7,044,278.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles E. Bunch acquired 2,000 shares of the company’s stock in a transaction on Friday, February 16th. The stock was purchased at an average cost of $43.90 per share, for a total transaction of $87,800.00. The disclosure for this purchase can be found here. Insiders own 3.60% of the company’s stock.
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About Mondelez International
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.
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