Quad Capital Management Advisors LLC bought a new position in shares of Mondelez International Inc (NASDAQ:MDLZ) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 20,000 shares of the company’s stock, valued at approximately $856,000.
Other institutional investors have also recently bought and sold shares of the company. Bank of Nova Scotia Trust Co. bought a new position in shares of Mondelez International during the 3rd quarter worth approximately $113,000. Cerebellum GP LLC bought a new position in shares of Mondelez International during the 4th quarter worth approximately $127,000. Taylor Hoffman Wealth Management bought a new position in shares of Mondelez International during the 4th quarter worth approximately $144,000. Delpha Capital Management LLC bought a new position in shares of Mondelez International during the 4th quarter worth approximately $152,000. Finally, Rockefeller Financial Services Inc. lifted its position in shares of Mondelez International by 300.0% during the 3rd 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 in the last quarter. 75.86% of the stock is currently owned by hedge funds and other institutional investors.
Mondelez International stock opened at $41.48 on Friday. Mondelez International Inc has a 1-year low of $39.19 and a 1-year high of $47.23. The company has a market capitalization of $62,571.89, a P/E ratio of 19.38, a price-to-earnings-growth ratio of 1.43 and a beta of 0.87. 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 quarterly earnings data on Wednesday, January 31st. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. Mondelez International had a net margin of 11.28% and a return on equity of 12.72%. The business had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.98 billion. During the same period in the previous year, the business earned $0.47 EPS. Mondelez International’s revenue was up 2.9% compared to the same quarter last year. sell-side analysts forecast that Mondelez International Inc will post 2.47 EPS for the current year.
Mondelez International declared that its Board of Directors has approved a stock buyback plan 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. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be paid a $0.22 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.12%. Mondelez International’s dividend payout ratio is 41.12%.
In other Mondelez International news, EVP Hubert Weber sold 10,931 shares of the firm’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 completion of 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 legal filing with the SEC, which can be accessed through the SEC website. Also, Director Trian Fund Management, L.P. purchased 1,028,600 shares of the business’s stock in a transaction on Friday, March 9th. The stock was purchased at an average cost of $44.27 per share, with a total value of $45,536,122.00. The disclosure for this purchase can be found here. 3.60% of the stock is currently owned by insiders.
MDLZ has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Mondelez International from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Tuesday, March 20th. BidaskClub lowered shares of Mondelez International from a “sell” rating to a “strong sell” rating in a research note on Friday, January 5th. Morgan Stanley raised their price target on shares of Mondelez International from $49.00 to $50.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Societe Generale upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and raised their price target for the stock from $45.00 to $55.00 in a research note on Friday, February 2nd. Finally, Susquehanna Bancshares restated a “hold” rating and set a $48.00 price target on shares of Mondelez International in a research note on Tuesday, January 30th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Mondelez International currently has a consensus rating of “Buy” and a consensus price target of $50.38.
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Mondelez International Company Profile
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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