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.
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.
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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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