Focused Wealth Management Inc lessened its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 19.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,771 shares of the company’s stock after selling 1,409 shares during the quarter. Focused Wealth Management Inc’s holdings in Mondelez International were worth $247,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of MDLZ. Matrix Asset Advisors Inc. NY increased its stake in Mondelez International by 115.3% in the 4th quarter. Matrix Asset Advisors Inc. NY now owns 170,609 shares of the company’s stock valued at $7,302,000 after buying an additional 91,367 shares during the period. Truewealth LLC acquired a new position in Mondelez International in the 4th quarter valued at $170,000. Parallel Advisors LLC increased its stake in Mondelez International by 15.3% in the 4th quarter. Parallel Advisors LLC now owns 19,311 shares of the company’s stock valued at $827,000 after buying an additional 2,565 shares during the period. ETRADE Capital Management LLC increased its stake in Mondelez International by 13.2% in the 4th quarter. ETRADE Capital Management LLC now owns 106,717 shares of the company’s stock valued at $4,567,000 after buying an additional 12,461 shares during the period. Finally, Amundi Pioneer Asset Management Inc. increased its stake in Mondelez International by 59.4% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 6,448,426 shares of the company’s stock valued at $275,994,000 after buying an additional 2,403,910 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.
A number of equities analysts have recently weighed in on MDLZ shares. TheStreet raised shares of Mondelez International from a “c+” rating to a “b” rating in a research note on Thursday, December 21st. Societe Generale upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $45.00 to $55.00 in a research report on Friday, February 2nd. Piper Jaffray Companies reiterated a “buy” rating and issued a $52.00 price objective on shares of Mondelez International in a research report on Thursday, February 1st. Bank of America upped their target price on shares of Mondelez International from $50.00 to $56.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Finally, Zacks Investment Research upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $50.69.
In related news, Director Charles E. Bunch bought 2,000 shares of the business’s stock in a transaction on Friday, February 16th. The shares were bought at an average cost of $43.90 per share, for a total transaction of $87,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Hubert Weber sold 10,931 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $43.79, for a total value of $478,668.49. Following the transaction, the executive vice president now directly owns 160,865 shares in the company, valued at $7,044,278.35. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.
Shares of Mondelez International Inc (NASDAQ MDLZ) traded down $0.16 during trading hours on Wednesday, reaching $43.88. 9,521,207 shares of the company’s stock traded hands, compared to its average volume of 9,607,585. 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 one year low of $39.19 and a one year high of $47.23. The firm has a market capitalization of $65,260.00, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 1.50 and a beta of 0.90.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Wednesday, January 31st. The company reported $0.57 earnings per share for the quarter, topping 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 business had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $6.98 billion. During the same quarter last year, the company earned $0.47 earnings per share. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. equities research analysts anticipate 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. Investors 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 2.01%. The ex-dividend date of this dividend is Wednesday, March 28th. Mondelez International’s dividend payout ratio (DPR) is presently 47.06%.
Mondelez International declared that its board has initiated a share repurchase program on Wednesday, January 31st that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
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Mondelez International 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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