Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 1.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 124,242 shares of the company’s stock after buying an additional 1,495 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Mondelez International were worth $5,317,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in MDLZ. Linscomb & Williams Inc. raised its stake in Mondelez International by 0.3% during the second quarter. Linscomb & Williams Inc. now owns 13,433 shares of the company’s stock worth $580,000 after purchasing an additional 39 shares during the period. Aspen Investment Management Inc raised its stake in Mondelez International by 0.8% during the second quarter. Aspen Investment Management Inc now owns 19,508 shares of the company’s stock worth $843,000 after purchasing an additional 150 shares during the period. M&R Capital Management Inc. raised its stake in Mondelez International by 1.3% during the second quarter. M&R Capital Management Inc. now owns 22,765 shares of the company’s stock worth $992,000 after purchasing an additional 300 shares during the period. RNC Capital Management LLC raised its stake in Mondelez International by 8.3% during the second quarter. RNC Capital Management LLC now owns 6,757 shares of the company’s stock worth $292,000 after purchasing an additional 516 shares during the period. Finally, Sentry Investment Management LLC raised its stake in Mondelez International by 0.6% during the second quarter. Sentry Investment Management LLC now owns 123,050 shares of the company’s stock worth $5,315,000 after purchasing an additional 789 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on MDLZ shares. BidaskClub raised shares of Mondelez International from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 7th. 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 downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Piper Jaffray Companies set a $50.00 price target on shares of Mondelez International and gave the stock a “buy” rating in a research note on Thursday, January 18th. Finally, Susquehanna Bancshares reissued a “hold” rating and issued a $48.00 price objective on shares of Mondelez International in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $50.69.
In other news, Director Trian Fund Management, L.P. purchased 1,028,600 shares of the stock in a transaction that occurred on Friday, March 9th. The stock was acquired at an average cost of $44.27 per share, with a total value of $45,536,122.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 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 transaction of $478,668.49. Following the sale, the executive vice president now directly 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 currently owned by company insiders.
Shares of Mondelez International Inc (MDLZ) opened at $43.19 on Friday. Mondelez International Inc has a 52-week low of $39.19 and a 52-week high of $47.23. The stock has a market cap of $64,237.70, a price-to-earnings ratio of 22.61, a PEG ratio of 1.46 and a beta of 0.90. 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 (NASDAQ:MDLZ) last released its quarterly earnings results on Wednesday, January 31st. The company reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.01. The business had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.98 billion. Mondelez International had a net margin of 11.28% and a return on equity of 12.72%. The business’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the business earned $0.47 EPS. research analysts forecast that Mondelez International Inc will post 2.47 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Wednesday, March 28th. Mondelez International’s payout ratio is 46.07%.
Mondelez International announced that its board has authorized a share buyback plan on Wednesday, January 31st that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.
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About Mondelez International
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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