YorkBridge Wealth Partners LLC boosted its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 24.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,173 shares of the company’s stock after purchasing an additional 1,781 shares during the quarter. YorkBridge Wealth Partners LLC’s holdings in Mondelez International were worth $403,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bank of Nova Scotia Trust Co. purchased a new position in shares of Mondelez International in the 3rd quarter valued at $113,000. Cerebellum GP LLC purchased a new position in shares of Mondelez International in the 4th quarter valued at $127,000. Acrospire Investment Management LLC increased its holdings in shares of Mondelez International by 1,450.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock valued at $134,000 after acquiring an additional 2,900 shares during the period. Taylor Hoffman Wealth Management purchased a new position in shares of Mondelez International in the 4th quarter valued at $144,000. Finally, Rockefeller Financial Services Inc. increased its holdings in shares of Mondelez International by 300.0% in the 3rd quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock valued at $163,000 after acquiring an additional 3,000 shares during the period. Institutional investors own 76.47% of the company’s stock.
In other Mondelez International news, Director Charles E. Bunch acquired 2,000 shares of the stock in a transaction dated Friday, February 16th. The stock was purchased at an average price of $43.90 per share, with a total value of $87,800.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 3.60% of the stock is owned by company insiders.
Mondelez International Inc (NASDAQ MDLZ) traded down $0.14 during trading on Thursday, hitting $43.62. The stock had a trading volume of 10,029,700 shares, compared to its average volume of 9,177,204. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.31. The firm has a market cap of $65,085.47, a PE ratio of 22.84, a price-to-earnings-growth ratio of 1.48 and a beta of 0.92. 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 quarterly earnings data on Wednesday, January 31st. The company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.01. The firm had revenue of $6.97 billion during the quarter, compared to analysts’ expectations of $6.98 billion. Mondelez International had a return on equity of 12.72% and a net margin of 11.28%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 EPS. equities research analysts forecast that Mondelez International Inc will post 2.47 EPS for the current year.
Mondelez International announced that its Board of Directors has approved a share buyback program on Wednesday, January 31st that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th will be given a $0.22 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.02%. Mondelez International’s payout ratio is 46.07%.
A number of research analysts have recently issued reports on MDLZ shares. TheStreet upgraded Mondelez International from a “c+” rating to a “b” rating in a report on Thursday, December 21st. Piper Jaffray Companies set a $50.00 price target on Mondelez International and gave the company a “buy” rating in a report on Thursday, January 18th. Zacks Investment Research upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Friday, January 12th. BMO Capital Markets reiterated a “buy” rating and issued a $48.00 price target on shares of Mondelez International in a report on Thursday, November 2nd. Finally, Buckingham Research cut their price target on Mondelez International from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Mondelez International currently has an average rating of “Buy” and an average price target of $50.69.
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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