Raymond James Financial Services Advisors Inc. grew its position in Mondelez International Inc (NASDAQ:MDLZ) by 8.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 310,162 shares of the company’s stock after purchasing an additional 22,889 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Mondelez International were worth $13,275,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Bank of Nova Scotia Trust Co. acquired a new stake in shares of Mondelez International in the 3rd quarter worth approximately $113,000. Cerebellum GP LLC acquired a new stake in shares of Mondelez International in the 4th quarter worth approximately $127,000. Acrospire Investment Management LLC lifted its stake in shares of Mondelez International by 1,450.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock worth $134,000 after acquiring an additional 2,900 shares during the period. Rockefeller Financial Services Inc. lifted its stake in shares of Mondelez International by 300.0% in the 3rd quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock worth $163,000 after acquiring an additional 3,000 shares during the period. Finally, Tortoise Investment Management LLC lifted its stake in shares of Mondelez International by 232.4% in the 3rd quarter. Tortoise Investment Management LLC now owns 4,291 shares of the company’s stock worth $174,000 after acquiring an additional 3,000 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.
MDLZ has been the subject of a number of research analyst reports. TheStreet raised shares of Mondelez International from a “c+” rating to a “b” rating in a research note on Thursday, December 21st. Piper Jaffray Companies set a $50.00 price target on shares of Mondelez International and gave the stock a “buy” rating in a research note on Thursday, January 18th. Zacks Investment Research raised shares of Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Friday, January 12th. BMO Capital Markets reaffirmed a “buy” rating and issued a $48.00 price target on shares of Mondelez International in a research note on Thursday, November 2nd. Finally, Buckingham Research reduced their price target on shares of Mondelez International from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $50.69.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results 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 business had revenue of $6.97 billion during 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 firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 EPS. research analysts forecast that Mondelez International Inc will post 2.47 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be given 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 1.99%. Mondelez International’s dividend payout ratio (DPR) is presently 46.07%.
Mondelez International declared that its board has authorized a stock buyback plan on Wednesday, January 31st that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its shares are 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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