Pin Oak Investment Advisors Inc. acquired a new stake in Mondelez International Inc (NASDAQ:MDLZ) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 50,190 shares of the company’s stock, valued at approximately $2,148,000. Mondelez International comprises approximately 1.6% of Pin Oak Investment Advisors Inc.’s portfolio, making the stock its 16th largest position.
Other hedge funds and other institutional investors have also modified their holdings of the company. Scotia Capital Inc. boosted its stake in shares of Mondelez International by 2.5% during the 2nd quarter. Scotia Capital Inc. now owns 204,163 shares of the company’s stock worth $8,817,000 after purchasing an additional 4,942 shares during the last quarter. Linscomb & Williams Inc. boosted its stake in shares of Mondelez International by 0.3% during the 2nd 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 last quarter. BB&T Investment Services Inc. acquired a new stake in shares of Mondelez International during the 2nd quarter worth about $576,000. BW Gestao de Investimentos Ltda. acquired a new stake in shares of Mondelez International during the 2nd quarter worth about $4,319,000. Finally, Colony Group LLC acquired a new stake in shares of Mondelez International during the 2nd quarter worth about $458,000. 75.84% of the stock is currently owned by hedge funds and other institutional investors.
In other Mondelez International news, Director Trian Fund Management, L.P. purchased 1,028,600 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were purchased at an average price of $44.27 per share, for a total transaction of $45,536,122.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles E. Bunch purchased 2,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was acquired at an average price of $43.90 per share, for a total transaction of $87,800.00. The disclosure for this purchase can be found here. 3.60% of the stock is currently owned by company insiders.
Shares of Mondelez International stock opened at $41.69 on Thursday. 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 12-month low of $39.19 and a 12-month high of $47.23. The stock has a market cap of $62,988.34, a P/E ratio of 19.70, a P/E/G ratio of 1.44 and a beta of 0.90.
Mondelez International (NASDAQ:MDLZ) last released its earnings results on Wednesday, January 31st. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $6.98 billion. During the same period last year, the company earned $0.47 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. analysts anticipate that Mondelez International Inc will post 2.47 EPS for the current fiscal year.
Mondelez International declared that its board has approved a stock buyback plan on Wednesday, January 31st that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Investors 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 annualized dividend and a dividend yield of 2.11%. Mondelez International’s dividend payout ratio is presently 46.07%.
MDLZ has been the topic of several analyst reports. TheStreet raised shares of Mondelez International from a “c+” rating to a “b” rating in a research note on Thursday, December 21st. Societe Generale raised shares of Mondelez International from a “hold” rating to a “buy” rating and raised their price target for the stock from $45.00 to $55.00 in a research note on Friday, February 2nd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $52.00 price target on shares of Mondelez International in a research note on Thursday, February 1st. Bank of America raised their price target on shares of Mondelez International from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Finally, Zacks Investment Research raised shares of Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Thursday, January 4th. 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 given a strong buy rating to the company’s stock. Mondelez International presently has an average rating of “Buy” and an average price target of $50.44.
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Mondelez International Profile
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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