Banco de Sabadell S.A purchased a new position in shares of Mondelez International Inc (NASDAQ:MDLZ) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 3,473 shares of the company’s stock, valued at approximately $148,000.
A number of other institutional investors have also made changes to their positions in MDLZ. WINTON GROUP Ltd lifted its holdings in Mondelez International by 1,498.2% in the 2nd quarter. WINTON GROUP Ltd now owns 158,682 shares of the company’s stock worth $6,853,000 after buying an additional 148,753 shares in the last quarter. Tandem Investment Advisors Inc. lifted its holdings in Mondelez International by 16.9% in the 2nd quarter. Tandem Investment Advisors Inc. now owns 8,078 shares of the company’s stock worth $349,000 after buying an additional 1,168 shares in the last quarter. Beaton Management Co. Inc. acquired a new position in Mondelez International in the 2nd quarter worth $790,000. Advisory Services Network LLC lifted its holdings in Mondelez International by 7.4% in the 2nd quarter. Advisory Services Network LLC now owns 16,006 shares of the company’s stock worth $691,000 after buying an additional 1,096 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in Mondelez International by 27.8% in the 2nd quarter. Cetera Investment Advisers now owns 14,748 shares of the company’s stock worth $639,000 after buying an additional 3,206 shares in the last quarter. 75.84% of the stock is owned by hedge funds and other institutional investors.
In other Mondelez International news, Director Trian Fund Management, L.P. acquired 1,028,600 shares of the company’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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles E. Bunch acquired 2,000 shares of the company’s stock in a transaction that occurred 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 disclosure for this purchase can be found here. 3.60% of the stock is owned by corporate insiders.
Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Wednesday, January 31st. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 11.28% and a return on equity of 12.72%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.47 EPS. sell-side analysts forecast that Mondelez International Inc will post 2.47 earnings per share for the current year.
Mondelez International announced that its board has authorized a stock repurchase program on Wednesday, January 31st that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
The firm 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. The ex-dividend date is Wednesday, March 28th. This represents a $0.88 annualized dividend and a yield of 2.17%. Mondelez International’s dividend payout ratio (DPR) is 46.07%.
A number of brokerages have commented on MDLZ. Bank of America boosted their price objective on shares of Mondelez International from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. 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 report on Friday, February 2nd. Morgan Stanley boosted their price objective on shares of Mondelez International from $49.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Piper Jaffray Companies reiterated a “buy” rating and issued a $52.00 price objective on shares of Mondelez International in a report on Thursday, February 1st. Finally, Barclays reiterated a “buy” rating and issued a $50.00 price objective on shares of Mondelez International in a report on Friday, February 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 company presently has an average rating of “Buy” and an average target price of $50.44.
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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