KLCM Advisors Inc. bought a new stake in shares of Mondelez International Inc (NASDAQ:MDLZ) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,264 shares of the company’s stock, valued at approximately $354,000.
Several other institutional investors and hedge funds also recently modified their holdings of MDLZ. Capital World Investors purchased a new stake in Mondelez International in the second quarter worth about $35,632,000. Cramer Rosenthal Mcglynn LLC lifted its stake in Mondelez International by 1.7% in the second quarter. Cramer Rosenthal Mcglynn LLC now owns 859,440 shares of the company’s stock worth $37,119,000 after acquiring an additional 14,640 shares during the period. Prudential PLC lifted its stake in Mondelez International by 33.6% in the second quarter. Prudential PLC now owns 1,841,188 shares of the company’s stock worth $79,521,000 after acquiring an additional 463,382 shares during the period. Janus Henderson Group PLC lifted its stake in Mondelez International by 30.8% in the second quarter. Janus Henderson Group PLC now owns 263,822 shares of the company’s stock worth $11,395,000 after acquiring an additional 62,189 shares during the period. Finally, Peapack Gladstone Financial Corp lifted its stake in Mondelez International by 9.8% in the second quarter. Peapack Gladstone Financial Corp now owns 15,346 shares of the company’s stock worth $663,000 after acquiring an additional 1,365 shares during the period. 75.86% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Hubert Weber sold 10,931 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $43.79, for a total transaction of $478,668.49. Following the transaction, the executive vice president now owns 160,865 shares in the company, valued at $7,044,278.35. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Charles E. Bunch acquired 2,000 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were bought 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. Corporate insiders own 3.60% of the company’s stock.
Shares of Mondelez International stock opened at $41.48 on Friday. Mondelez International Inc has a one year low of $39.19 and a one year high of $47.23. 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 stock has a market capitalization of $62,765.24, a price-to-earnings ratio of 19.38, a PEG ratio of 1.43 and a beta of 0.87.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Wednesday, January 31st. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 for the quarter, compared to the consensus estimate of $6.98 billion. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. sell-side analysts anticipate that Mondelez International Inc will post 2.47 EPS for the current year.
Mondelez International declared that its board has initiated a stock buyback plan on Wednesday, January 31st that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.22 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.88 annualized dividend and a dividend yield of 2.12%. Mondelez International’s dividend payout ratio (DPR) is currently 41.12%.
A number of research firms recently weighed in on MDLZ. Zacks Investment Research lowered shares of Mondelez International from a “hold” rating to a “sell” rating in a research note on Wednesday. BidaskClub raised shares of Mondelez International from a “strong sell” rating to a “sell” rating in a research note on Monday, February 5th. Barclays reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Mondelez International in a research note on Friday, February 2nd. Societe Generale raised shares of Mondelez International from a “hold” rating to a “buy” rating and upped their price objective for the stock from $45.00 to $55.00 in a research note on Friday, February 2nd. Finally, Piper Jaffray reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Mondelez International in a research note on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average 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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