Guggenheim Capital LLC raised its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,682,863 shares of the company’s stock after purchasing an additional 72,541 shares during the quarter. Guggenheim Capital LLC owned about 0.11% of Mondelez International worth $72,025,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of MDLZ. Bank of Nova Scotia Trust Co. acquired a new position in Mondelez International during the 3rd quarter valued at approximately $113,000. Cerebellum GP LLC acquired a new position in Mondelez International during the 4th quarter valued at approximately $127,000. Taylor Hoffman Wealth Management acquired a new position in Mondelez International during the 4th quarter valued at approximately $144,000. Delpha Capital Management LLC acquired a new position in Mondelez International during the 4th quarter valued at approximately $152,000. Finally, Rockefeller Financial Services Inc. increased its stake in Mondelez International by 300.0% during the 3rd quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock valued at $163,000 after purchasing an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.
A number of research analysts have issued reports on MDLZ shares. Morgan Stanley upped their price target on shares of Mondelez International from $49.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Zacks Investment Research upgraded 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. BidaskClub upgraded shares of Mondelez International from a “strong sell” rating to a “sell” rating in a research note on Monday, February 5th. Bank of America increased their price objective 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, Barclays reiterated a “buy” rating and issued a $50.00 price objective on shares of Mondelez International in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Mondelez International currently has an average rating of “Buy” and an average price target of $50.69.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Wednesday, January 31st. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.01. The company 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 firm’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business earned $0.47 earnings per share. 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 given 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 1.99%. Mondelez International’s dividend payout ratio is presently 46.07%.
Mondelez International announced that its board has approved a stock buyback plan on Wednesday, January 31st that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.
In other news, Director Trian Fund Management, L.P. purchased 1,028,600 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The shares were bought 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, 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 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 company insiders.
Mondelez International Company 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.
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