Element Capital Management LLC Invests $28.50 Million in Mondelez International Inc (NASDAQ:MDLZ) Stock

Element Capital Management LLC purchased a new position in shares of Mondelez International Inc (NASDAQ:MDLZ) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 665,946 shares of the company’s stock, valued at approximately $28,502,000.

A number of other institutional investors have also recently added to or reduced their stakes in MDLZ. Bank of Nova Scotia Trust Co. bought a new stake in shares of Mondelez International in the third quarter valued at approximately $113,000. Cerebellum GP LLC purchased a new position in Mondelez International in the 4th quarter worth approximately $127,000. Taylor Hoffman Wealth Management purchased a new position in Mondelez International in the 4th quarter worth approximately $144,000. Delpha Capital Management LLC purchased a new position in Mondelez International in the 4th quarter worth approximately $152,000. Finally, Truewealth LLC purchased a new position in Mondelez International in the 4th quarter worth approximately $170,000. Institutional investors and hedge funds own 75.86% of the company’s stock.

How to Become a New Pot Stock Millionaire

Shares of Mondelez International stock traded down $0.72 on Friday, hitting $41.48. 6,879,148 shares of the company traded hands, compared to its average volume of 9,272,860. The stock has a market cap of $62,765.24, a P/E ratio of 19.38, a PEG ratio of 1.43 and a beta of 0.87. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.31. Mondelez International Inc has a 52 week low of $39.19 and a 52 week high of $47.23.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results 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 firm had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.98 billion. During the same period last year, the firm posted $0.47 earnings per share. Mondelez International’s revenue for the quarter was up 2.9% compared to the same quarter last year. equities analysts expect that Mondelez International Inc will post 2.47 EPS for the current 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 dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.12%. The ex-dividend date is Wednesday, March 28th. Mondelez International’s payout ratio is 41.12%.

Mondelez International announced that its board has authorized a stock repurchase 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. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

A number of brokerages have recently issued reports on MDLZ. TheStreet raised shares of Mondelez International from a “c+” rating to a “b” rating in a research note on Thursday, December 21st. Zacks Investment Research lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Thursday, March 29th. Piper Jaffray reiterated a “buy” rating and issued a $52.00 price target on shares of Mondelez International in a research note on Thursday, February 1st. Susquehanna Bancshares reissued a “hold” rating and set a $48.00 price objective on shares of Mondelez International in a research report on Tuesday, January 30th. Finally, Morgan Stanley increased their price objective on shares of Mondelez International from $49.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $50.38.

In related news, Director Charles E. Bunch bought 2,000 shares of the stock in a transaction dated Friday, February 16th. The stock was purchased at an average cost of $43.90 per share, with a total value of $87,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Hubert Weber sold 10,931 shares of Mondelez International stock in a transaction dated 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 sale, the executive vice president now owns 160,865 shares of the company’s stock, valued at $7,044,278.35. The disclosure for this sale can be found here. 3.60% of the stock is owned by insiders.

ILLEGAL ACTIVITY NOTICE: “Element Capital Management LLC Invests $28.50 Million in Mondelez International Inc (NASDAQ:MDLZ) Stock” was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright laws. The original version of this report can be read at https://www.dispatchtribunal.com/2018/04/08/element-capital-management-llc-takes-position-in-mondelez-international-inc-mdlz.html.

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.

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

Receive News & Ratings for Mondelez International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply