Captrust Financial Advisors purchased a new stake in shares of Mondelez International Inc (NASDAQ:MDLZ) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 55,776 shares of the company’s stock, valued at approximately $2,399,000.
Other large investors have also recently bought and sold shares of the company. Bank of Nova Scotia Trust Co. bought a new position in Mondelez International during the third quarter valued at approximately $113,000. Cerebellum GP LLC bought a new position in Mondelez International during the fourth quarter valued at approximately $127,000. Taylor Hoffman Wealth Management bought a new position in Mondelez International during the fourth quarter valued at approximately $144,000. Delpha Capital Management LLC bought a new position in Mondelez International during the fourth quarter valued at approximately $152,000. Finally, Rockefeller Financial Services Inc. lifted its position in Mondelez International by 300.0% during the third 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. Hedge funds and other institutional investors own 75.91% of the company’s stock.
A number of research analysts recently weighed in on the stock. TheStreet upgraded shares of Mondelez International from a “c+” rating to a “b” rating in a research report on Thursday, December 21st. Zacks Investment Research upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Friday, January 12th. Piper Jaffray Companies restated a “buy” rating and set a $52.00 price objective on shares of Mondelez International in a research report on Thursday, February 1st. Susquehanna Bancshares restated a “hold” rating and set a $48.00 price objective on shares of Mondelez International in a research report on Tuesday, January 30th. Finally, Societe Generale upgraded shares of 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 report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Mondelez International presently has an average rating of “Buy” and an average price target of $50.69.
Mondelez International Inc (NASDAQ MDLZ) opened at $44.39 on Tuesday. The firm has a market cap of $66,020.00, a P/E ratio of 23.74, a price-to-earnings-growth ratio of 1.50 and a beta of 0.90. Mondelez International Inc has a 52-week low of $39.19 and a 52-week high of $47.23. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.31.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data 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 firm had revenue of $6.97 billion for the quarter, compared to the consensus estimate 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 was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $0.47 EPS. sell-side analysts predict that Mondelez International Inc will post 2.47 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.88 annualized dividend and a dividend yield of 1.98%. Mondelez International’s payout ratio is 47.06%.
Mondelez International announced that its Board of Directors 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 repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.
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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