Sei Investments Co. decreased its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 34.7% during the 4th quarter, Holdings Channel reports. The firm owned 516,927 shares of the company’s stock after selling 274,872 shares during the period. Sei Investments Co.’s holdings in Mondelez International were worth $22,125,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in MDLZ. Bank of Nova Scotia Trust Co. acquired a new position in shares of Mondelez International during the 3rd quarter worth $113,000. Cerebellum GP LLC bought a new stake in shares of Mondelez International during the 4th quarter worth $127,000. Acrospire Investment Management LLC boosted its holdings in shares of Mondelez International by 1,450.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock worth $134,000 after buying an additional 2,900 shares during the period. Rockefeller Financial Services Inc. boosted its holdings 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 during the period. Finally, Tortoise Investment Management LLC boosted its holdings in shares of Mondelez International by 232.4% during the 3rd quarter. Tortoise Investment Management LLC now owns 4,291 shares of the company’s stock worth $174,000 after buying an additional 3,000 shares during the period. Institutional investors own 76.07% of the company’s stock.
Several analysts recently issued reports on the stock. TheStreet raised shares of Mondelez International from a “c+” rating to a “b” rating in a report on Thursday, December 21st. Piper Jaffray Companies reaffirmed a “buy” rating and set a $52.00 price objective on shares of Mondelez International in a report on Thursday, February 1st. BidaskClub raised shares of Mondelez International from a “strong sell” rating to a “sell” rating in a report on Monday, February 5th. Susquehanna Bancshares reaffirmed a “hold” rating and set a $48.00 price objective on shares of Mondelez International in a report on Tuesday, January 30th. Finally, 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 report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $50.69.
Shares of Mondelez International Inc (MDLZ) opened at $44.14 on Friday. 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 Inc has a 1-year low of $39.19 and a 1-year high of $47.23. The firm has a market cap of $65,962.28, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 1.49 and a beta of 0.92.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly 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 the consensus estimate of $6.98 billion. During the same period in the prior year, the firm earned $0.47 EPS. The business’s revenue was up 2.9% on a year-over-year basis. equities research analysts predict that Mondelez International Inc will post 2.47 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, March 29th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Wednesday, March 28th. Mondelez International’s dividend payout ratio (DPR) is presently 46.07%.
Mondelez International declared that its board has approved a share repurchase program on Wednesday, January 31st that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.
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Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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