Aries Wealth Management purchased a new stake in Mondelez International Inc (NASDAQ:MDLZ) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 5,407 shares of the company’s stock, valued at approximately $239,000.
A number of other institutional investors also recently added to or reduced their stakes in MDLZ. Vanguard Group Inc. boosted its stake in Mondelez International by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 98,799,909 shares of the company’s stock worth $4,267,168,000 after purchasing an additional 1,168,269 shares during the last quarter. Northern Trust Corp boosted its stake in Mondelez International by 7.3% during the 2nd quarter. Northern Trust Corp now owns 21,688,257 shares of the company’s stock worth $936,717,000 after purchasing an additional 1,470,112 shares during the last quarter. Lindsell Train Ltd boosted its stake in Mondelez International by 18.3% during the 3rd quarter. Lindsell Train Ltd now owns 19,950,710 shares of the company’s stock worth $811,196,000 after purchasing an additional 3,086,000 shares during the last quarter. Macquarie Group Ltd. boosted its stake in Mondelez International by 1.0% during the 3rd quarter. Macquarie Group Ltd. now owns 16,975,186 shares of the company’s stock worth $690,211,000 after purchasing an additional 175,487 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Mondelez International by 0.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 16,967,667 shares of the company’s stock worth $689,906,000 after purchasing an additional 47,563 shares during the last quarter. 76.11% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have issued reports on MDLZ. TheStreet raised shares of Mondelez International from a “c+” rating to a “b” rating in a research note on Thursday, December 21st. Morgan Stanley lifted their target price on shares of Mondelez International from $49.00 to $50.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Societe Generale raised shares of Mondelez International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $45.00 to $55.00 in a research note on Friday, February 2nd. BidaskClub upgraded Mondelez International from a “strong sell” rating to a “sell” rating in a report on Monday. Finally, Susquehanna Bancshares reiterated a “hold” rating and set a $48.00 price target on shares of Mondelez International in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Mondelez International presently has an average rating of “Buy” and a consensus target price of $50.82.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Wednesday, January 31st. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.56 by $0.01. The business had revenue of $6.97 billion for 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%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 EPS. research analysts expect that Mondelez International Inc will post 2.47 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Friday, December 29th were issued a $0.22 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.88 annualized dividend and a yield of 2.00%. Mondelez International’s dividend payout ratio (DPR) is currently 46.07%.
Mondelez International announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, January 31st that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.
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Mondelez International 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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