HBK Investments L P raised its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 23.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 344,100 shares of the company’s stock after buying an additional 66,300 shares during the period. HBK Investments L P’s holdings in Mondelez International were worth $14,727,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the business. Tower Research Capital LLC TRC boosted its position in shares of Mondelez International by 3,206.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 44,532 shares of the company’s stock worth $1,906,000 after purchasing an additional 43,185 shares during the period. Sand Hill Global Advisors LLC bought a new position in shares of Mondelez International in the third quarter worth approximately $4,113,000. Janus Henderson Group PLC boosted its position in shares of Mondelez International by 30.8% in the second quarter. Janus Henderson Group PLC now owns 263,822 shares of the company’s stock worth $11,395,000 after purchasing an additional 62,189 shares during the period. Keybank National Association OH boosted its position in shares of Mondelez International by 3.4% in the third quarter. Keybank National Association OH now owns 1,040,550 shares of the company’s stock worth $42,309,000 after purchasing an additional 34,038 shares during the period. Finally, Swiss National Bank boosted its position in shares of Mondelez International by 0.4% in the third quarter. Swiss National Bank now owns 5,598,377 shares of the company’s stock worth $227,630,000 after purchasing an additional 20,500 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently weighed in on MDLZ shares. Zacks Investment Research lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. TheStreet upgraded shares of Mondelez International from a “c+” rating to a “b” rating in a research report on Thursday, December 21st. Barclays restated a “buy” rating and set a $50.00 target price on shares of Mondelez International in a research report on Friday, February 2nd. Piper Jaffray Companies restated a “buy” rating and set a $52.00 target price on shares of Mondelez International in a research report on Thursday, February 1st. Finally, BidaskClub upgraded shares of Mondelez International from a “strong sell” rating to a “sell” rating in a research report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $50.69.
Shares of Mondelez International Inc (NASDAQ:MDLZ) opened at $44.39 on Tuesday. Mondelez International Inc has a 12 month low of $39.19 and a 12 month high of $47.23. The firm has a market cap 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 quick ratio of 0.31, a current ratio of 0.48 and a debt-to-equity ratio of 0.50.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Wednesday, January 31st. The company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.01. Mondelez International had a net margin of 11.28% and a return on equity of 12.72%. The business had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.98 billion. During the same quarter in the prior year, the firm posted $0.47 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. sell-side analysts expect that Mondelez International Inc will post 2.47 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Wednesday, March 28th. Mondelez International’s dividend payout ratio is presently 46.07%.
Mondelez International declared that its board has approved a stock buyback program on Wednesday, January 31st that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
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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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