Jones Financial Companies Lllp decreased its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 3.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,459 shares of the company’s stock after selling 4,779 shares during the period. Jones Financial Companies Lllp’s holdings in Mondelez International were worth $6,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Lindsell Train Ltd raised its stake in Mondelez International by 18.3% in the 3rd quarter. Lindsell Train Ltd now owns 19,950,710 shares of the company’s stock valued at $811,196,000 after purchasing an additional 3,086,000 shares during the last quarter. Macquarie Group Ltd. raised its stake in Mondelez International by 1.0% in the 3rd quarter. Macquarie Group Ltd. now owns 16,975,186 shares of the company’s stock valued at $690,211,000 after purchasing an additional 175,487 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Mondelez International by 0.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 16,967,667 shares of the company’s stock valued at $689,906,000 after purchasing an additional 47,563 shares during the last quarter. Geode Capital Management LLC raised its stake in Mondelez International by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 15,969,761 shares of the company’s stock valued at $682,086,000 after purchasing an additional 293,875 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Mondelez International by 8.8% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,356,382 shares of the company’s stock worth $586,187,000 after acquiring an additional 1,159,900 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.
Mondelez International Inc (NASDAQ MDLZ) opened at $44.27 on Monday. The firm has a market capitalization of $65,844.01, a price-to-earnings ratio of 20.59, a PEG ratio of 1.50 and a beta of 0.90. The company has a current ratio of 0.48, a quick ratio of 0.31 and a debt-to-equity ratio of 0.50. Mondelez International Inc has a twelve month low of $39.19 and a twelve month high of $47.23.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Wednesday, March 28th. Mondelez International’s payout ratio is presently 46.07%.
Mondelez International declared 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 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
MDLZ has been the subject of a number of recent research reports. Morgan Stanley raised their target price on Mondelez International from $49.00 to $50.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Zacks Investment Research raised Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Thursday, January 4th. BidaskClub raised Mondelez International from a “strong sell” rating to a “sell” rating in a research note on Monday, February 5th. Bank of America raised their target price on 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 reaffirmed a “buy” rating and issued a $50.00 target price on shares of Mondelez International in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $50.69.
In other news, EVP Hubert Weber sold 10,931 shares of Mondelez International stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $43.79, for a total value of $478,668.49. Following the completion of the transaction, the executive vice president now owns 160,865 shares in the company, valued at approximately $7,044,278.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles E. Bunch acquired 2,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was bought at an average price 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.
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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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