HPM Partners LLC lifted its position in Mondelez International Inc (NASDAQ:MDLZ) by 13.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,238 shares of the company’s stock after purchasing an additional 6,361 shares during the quarter. HPM Partners LLC’s holdings in Mondelez International were worth $2,364,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in MDLZ. Bank of Nova Scotia Trust Co. acquired a new stake in shares of Mondelez International in the 3rd quarter valued at about $113,000. Cerebellum GP LLC acquired a new stake in shares of Mondelez International in the 4th quarter valued at about $127,000. Taylor Hoffman Wealth Management acquired a new stake in shares of Mondelez International in the 4th quarter valued at about $144,000. Delpha Capital Management LLC acquired a new stake in shares of Mondelez International in the 4th quarter valued at about $152,000. Finally, Rockefeller Financial Services Inc. lifted its position in Mondelez International by 300.0% during the 3rd quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock worth $163,000 after acquiring an additional 3,000 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.
Mondelez International Inc (NASDAQ:MDLZ) opened at $44.27 on Monday. Mondelez International Inc has a one year low of $39.19 and a one year high of $47.23. The firm has a market capitalization of $65,844.01, a P/E ratio of 20.59, a P/E/G ratio of 1.50 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.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.99%. The ex-dividend date is Wednesday, March 28th. Mondelez International’s payout ratio is 46.07%.
Mondelez International declared that its board has authorized a stock repurchase program on Wednesday, January 31st that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
A number of analysts have weighed in on the company. Bank of America increased their price objective on Mondelez International from $50.00 to $56.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Societe Generale raised Mondelez International from a “hold” rating to a “buy” rating and increased their price objective for the stock from $45.00 to $55.00 in a research report on Friday, February 2nd. Morgan Stanley increased their price objective on Mondelez International from $49.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Piper Jaffray Companies reaffirmed a “buy” rating and set a $52.00 price objective on shares of Mondelez International in a research report on Thursday, February 1st. Finally, Barclays reaffirmed a “buy” rating and set a $50.00 price objective on shares of Mondelez International in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $50.69.
In related news, Director Trian Fund Management, L.P. purchased 1,028,600 shares of the company’s stock in a transaction on Friday, March 9th. The stock was bought at an average price of $44.27 per share, with a total value of $45,536,122.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles E. Bunch purchased 2,000 shares of the company’s stock in a transaction on Friday, February 16th. The shares were bought at an average cost of $43.90 per share, with a total value of $87,800.00. The disclosure for this purchase can be found here. Company insiders own 3.60% of the company’s stock.
About Mondelez International
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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