HM Payson & Co. lessened its stake in Mondelez International Inc (NASDAQ:MDLZ) by 8.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 173,531 shares of the company’s stock after selling 16,097 shares during the period. HM Payson & Co.’s holdings in Mondelez International were worth $7,427,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MDLZ. Bank of Nova Scotia Trust Co. bought a new stake in shares of Mondelez International in the 3rd quarter valued at about $113,000. Cerebellum GP LLC bought a new stake in shares of Mondelez International in the 4th quarter valued at about $127,000. Taylor Hoffman Wealth Management bought a new stake in shares of Mondelez International in the 4th quarter valued at about $144,000. Banco de Sabadell S.A bought a new stake in shares of Mondelez International in the 4th quarter valued at about $148,000. Finally, Delpha Capital Management LLC bought a new stake in shares of Mondelez International in the 4th quarter valued at about $152,000. Hedge funds and other institutional investors own 75.84% of the company’s stock.
A number of research firms have commented on MDLZ. Zacks Investment Research lowered Mondelez International from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. TheStreet upgraded Mondelez International from a “c+” rating to a “b” rating in a research report on Thursday, December 21st. Barclays restated a “buy” rating and set a $50.00 target price on shares of Mondelez International in a research report on Friday, February 2nd. Piper Jaffray Companies restated a “buy” rating and set a $52.00 target price on shares of Mondelez International in a research report on Thursday, February 1st. Finally, BidaskClub upgraded Mondelez International from a “strong sell” rating to a “sell” rating in a research report on Monday, February 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $50.44.
MDLZ stock opened at $41.85 on Wednesday. The stock has a market capitalization of $62,988.34, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 1.44 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 Inc has a fifty-two week low of $39.19 and a fifty-two week high of $47.23.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Wednesday, January 31st. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.01. The business had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.98 billion. Mondelez International had a return on equity of 12.72% and a net margin of 11.28%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 earnings per share. equities analysts expect that Mondelez International Inc will post 2.47 EPS for the current year.
The company 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. The ex-dividend date is Wednesday, March 28th. This represents a $0.88 annualized dividend and a yield of 2.10%. Mondelez International’s payout ratio is currently 46.07%.
Mondelez International declared that its Board of Directors has initiated a stock repurchase program on Wednesday, January 31st that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.
In other news, Director Charles E. Bunch purchased 2,000 shares of the business’s stock in a transaction on Friday, February 16th. The shares were acquired at an average price of $43.90 per share, for a total transaction of $87,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Hubert Weber sold 10,931 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $43.79, for a total value of $478,668.49. Following the completion of the transaction, the executive vice president now owns 160,865 shares in the company, valued at approximately $7,044,278.35. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.
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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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