London Co. of Virginia lessened its stake in Mondelez International Inc (NASDAQ:MDLZ) by 7.6% in the 4th quarter, HoldingsChannel reports. The fund owned 37,541 shares of the company’s stock after selling 3,076 shares during the quarter. London Co. of Virginia’s holdings in Mondelez International were worth $1,607,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Ascend Capital LLC acquired a new stake in Mondelez International during the 4th quarter worth $7,920,000. Commerce Bank boosted its stake in Mondelez International by 2.8% during the 4th quarter. Commerce Bank now owns 1,099,354 shares of the company’s stock worth $47,052,000 after purchasing an additional 29,808 shares during the last quarter. CLS Investments LLC acquired a new stake in Mondelez International during the 4th quarter worth $364,000. Princeton Capital Management LLC acquired a new stake in Mondelez International during the 4th quarter worth $313,000. Finally, Good Life Advisors LLC acquired a new stake in Mondelez International during the 4th quarter worth $201,000. 76.47% of the stock is currently owned by institutional investors.
Several equities research analysts have issued reports on the stock. 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 cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Tuesday. Susquehanna Bancshares reaffirmed a “hold” rating and set a $48.00 target price on shares of Mondelez International in a research note on Tuesday, January 30th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $52.00 target price on shares of Mondelez International in a research note on Thursday, February 1st. Finally, BMO Capital Markets reissued a “buy” rating and set a $48.00 price target on shares of Mondelez International in a research report on Thursday, November 2nd. One equities 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 stock. The stock presently has a consensus rating of “Buy” and an average price target of $50.69.
Mondelez International Inc (MDLZ) opened at $43.90 on Thursday. The company has a current ratio of 0.48, a quick ratio of 0.31 and a debt-to-equity ratio of 0.50. The firm has a market cap of $65,457.30, a PE ratio of 22.98, a PEG ratio of 1.49 and a beta of 0.92. Mondelez International Inc has a 1 year low of $39.19 and a 1 year 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 for the quarter, beating the consensus estimate of $0.56 by $0.01. The firm had revenue of $6.97 billion for the quarter, compared to analysts’ expectations of $6.98 billion. Mondelez International had a net margin of 11.28% and a return on equity of 12.72%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS. analysts expect that Mondelez International Inc will post 2.47 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.88 annualized dividend and a yield of 2.00%. Mondelez International’s dividend payout ratio (DPR) is currently 46.07%.
Mondelez International announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, January 31st that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.
ILLEGAL ACTIVITY NOTICE: This report was first published by Ticker Report and is the property of of Ticker Report. If you are viewing this report on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://www.tickerreport.com/banking-finance/3230597/mondelez-international-inc-mdlz-position-reduced-by-london-co-of-virginia.html.
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.
Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International Inc (NASDAQ:MDLZ).
Receive News & Ratings for Mondelez International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International and related companies with MarketBeat.com's FREE daily email newsletter.