Teachers Advisors LLC lowered its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,425,054 shares of the company’s stock after selling 52,927 shares during the quarter. Teachers Advisors LLC owned 0.30% of Mondelez International worth $189,392,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Bank of Nova Scotia Trust Co. bought a new position in Mondelez International in the 3rd quarter valued at $113,000. Cerebellum GP LLC bought a new position in Mondelez International in the 4th quarter valued at $127,000. Taylor Hoffman Wealth Management bought a new position in Mondelez International in the 4th quarter valued at $144,000. Delpha Capital Management LLC bought a new position in Mondelez International in the 4th quarter valued at $152,000. Finally, Rockefeller Financial Services Inc. grew its stake in Mondelez International by 300.0% in 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 during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.
A number of research analysts have issued reports on MDLZ shares. TheStreet upgraded Mondelez International from a “c+” rating to a “b” rating in a research note on Thursday, December 21st. Societe Generale upgraded Mondelez International from a “hold” rating to a “buy” rating and increased their price target for the stock from $45.00 to $55.00 in a research note on Friday, February 2nd. Piper Jaffray Companies reiterated a “buy” rating and set a $52.00 price target on shares of Mondelez International in a research note on Thursday, February 1st. Bank of America increased their price target 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, Zacks Investment Research upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $50.69.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Wednesday, January 31st. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. The business had revenue of $6.97 billion for the quarter, compared to analysts’ expectations of $6.98 billion. Mondelez International had a return on equity of 12.72% and a net margin of 11.28%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.47 EPS. research analysts forecast that Mondelez International Inc will post 2.47 earnings per share for the current fiscal 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 dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.88 dividend on an annualized basis and a yield of 1.99%. Mondelez International’s dividend payout ratio (DPR) is 46.07%.
Mondelez International announced that its Board of Directors has initiated a share repurchase program on Wednesday, January 31st that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
In related 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 acquired at an average price of $44.27 per share, with a total value of $45,536,122.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 bought at an average cost of $43.90 per share, for a total transaction of $87,800.00. The disclosure for this purchase can be found here. Corporate insiders own 3.60% of the company’s stock.
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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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