Advisor Group Inc. boosted its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 15.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,338 shares of the company’s stock after acquiring an additional 10,441 shares during the quarter. Advisor Group Inc.’s holdings in Mondelez International were worth $3,354,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. Linscomb & Williams Inc. lifted its position in Mondelez International by 0.3% in the 2nd quarter. Linscomb & Williams Inc. now owns 13,433 shares of the company’s stock valued at $580,000 after acquiring an additional 39 shares in the last quarter. Aspen Investment Management Inc lifted its holdings in shares of Mondelez International by 0.8% during the 2nd quarter. Aspen Investment Management Inc now owns 19,508 shares of the company’s stock valued at $843,000 after buying an additional 150 shares during the period. First City Capital Management Inc. lifted its holdings in shares of Mondelez International by 0.4% during the 2nd quarter. First City Capital Management Inc. now owns 34,424 shares of the company’s stock valued at $1,487,000 after buying an additional 151 shares during the period. M&R Capital Management Inc. lifted its holdings in shares of Mondelez International by 1.3% during the 2nd quarter. M&R Capital Management Inc. now owns 22,765 shares of the company’s stock valued at $992,000 after buying an additional 300 shares during the period. Finally, YorkBridge Wealth Partners LLC lifted its holdings in shares of Mondelez International by 4.7% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 10,236 shares of the company’s stock valued at $442,000 after buying an additional 456 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.
In other Mondelez International news, Director Trian Fund Management, L.P. purchased 1,028,600 shares of the business’s stock in a transaction on Friday, March 9th. The stock was acquired at an average price of $44.27 per share, for a total transaction 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 purchased 2,000 shares of the business’s stock in a transaction on Friday, February 16th. The stock was acquired 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. Corporate insiders own 3.60% of the company’s stock.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Wednesday, January 31st. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.56 by $0.01. The firm had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.98 billion. Mondelez International had a return on equity of 12.72% and a net margin of 11.28%. Mondelez International’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 EPS. research analysts anticipate that Mondelez International Inc will post 2.47 earnings per share for the current fiscal year.
Mondelez International announced that its Board of Directors has initiated a share buyback program on Wednesday, January 31st that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.
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. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.88 annualized dividend and a dividend yield of 2.00%. Mondelez International’s dividend payout ratio (DPR) is 47.06%.
MDLZ has been the topic of several research analyst reports. TheStreet raised Mondelez International from a “c+” rating to a “b” rating in a report on Thursday, December 21st. Societe Generale raised Mondelez International from a “hold” rating to a “buy” rating and increased their price target for the company from $45.00 to $55.00 in a report on Friday, February 2nd. Piper Jaffray Companies reissued a “buy” rating and set a $52.00 price target on shares of Mondelez International in a report on Thursday, February 1st. Bank of America increased their price target on Mondelez International from $50.00 to $56.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Finally, Zacks Investment Research raised Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $50.69.
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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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