Robecosam AG lifted its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 187.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,244 shares of the company’s stock after acquiring an additional 15,161 shares during the quarter. Robecosam AG’s holdings in Mondelez International were worth $1,001,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in MDLZ. People s United Financial Inc. lifted its stake in Mondelez International by 2.9% in the 2nd quarter. People s United Financial Inc. now owns 112,872 shares of the company’s stock valued at $4,876,000 after buying an additional 3,161 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its stake in Mondelez International by 4.7% in 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 in the last quarter. Glovista Investments LLC lifted its stake in Mondelez International by 41.3% in the 2nd quarter. Glovista Investments LLC now owns 18,127 shares of the company’s stock valued at $783,000 after buying an additional 5,300 shares in the last quarter. Employees Retirement System of Texas lifted its stake in Mondelez International by 35.2% in the 2nd quarter. Employees Retirement System of Texas now owns 384,000 shares of the company’s stock valued at $16,585,000 after buying an additional 100,000 shares in the last quarter. Finally, Institute for Wealth Management LLC. purchased a new stake in Mondelez International in the 2nd quarter valued at approximately $602,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently issued reports on MDLZ shares. Morgan Stanley upped their target price on Mondelez International from $49.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. 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 report on Thursday, January 4th. BidaskClub upgraded Mondelez International from a “strong sell” rating to a “sell” rating in a report on Monday, February 5th. Bank of America boosted 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, Barclays reiterated a “buy” rating and issued a $50.00 price target on shares of Mondelez International in a report on Friday, February 2nd. One equities research 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 company’s stock. The stock currently has an average rating of “Buy” and an average price target of $50.69.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Wednesday, January 31st. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. The business had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $6.98 billion. Mondelez International had a return on equity of 12.72% and a net margin of 11.28%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.47 EPS. equities research analysts anticipate that Mondelez International Inc will post 2.47 earnings per share 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 issued a dividend of $0.22 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.00%. Mondelez International’s payout ratio is 46.07%.
Mondelez International announced that its board has approved a share repurchase program on Wednesday, January 31st that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
In other news, Director Trian Fund Management, L.P. acquired 1,028,600 shares of the company’s stock in a transaction dated Friday, March 9th. The stock was acquired at an average cost of $44.27 per share, for a total transaction of $45,536,122.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Hubert Weber sold 10,931 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $43.79, for a total value of $478,668.49. Following the sale, the executive vice president now owns 160,865 shares of the company’s stock, valued at $7,044,278.35. The disclosure for this sale 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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