YorkBridge Wealth Partners LLC boosted its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 24.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 9,173 shares of the company’s stock after acquiring an additional 1,781 shares during the quarter. YorkBridge Wealth Partners LLC’s holdings in Mondelez International were worth $403,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of MDLZ. Northwest Quadrant Wealth Management LLC lifted its holdings in shares of Mondelez International by 0.4% in the 2nd quarter. Northwest Quadrant Wealth Management LLC now owns 7,069 shares of the company’s stock valued at $309,000 after buying an additional 30 shares during the period. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Mondelez International by 0.4% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 10,363 shares of the company’s stock valued at $447,000 after buying an additional 38 shares during the period. Linscomb & Williams Inc. lifted its holdings in shares of 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 buying an additional 39 shares during the period. Frontier Wealth Management LLC lifted its holdings in shares of Mondelez International by 0.3% in the 2nd quarter. Frontier Wealth Management LLC now owns 23,190 shares of the company’s stock valued at $1,002,000 after buying an additional 75 shares during the period. Finally, Waters Parkerson & CO. LLC lifted its holdings in shares of Mondelez International by 0.7% in the 2nd quarter. Waters Parkerson & CO. LLC now owns 15,889 shares of the company’s stock valued at $686,000 after buying an additional 113 shares during the period. 76.47% of the stock is owned by institutional investors.
In other news, Director Charles E. Bunch acquired 2,000 shares of the business’s stock in a transaction on Friday, February 16th. The stock was bought at an average cost of $43.90 per share, for a total transaction of $87,800.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 3.60% of the stock is currently owned by insiders.
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 Thomson Reuters’ consensus estimate of $0.56 by $0.01. Mondelez International had a return on equity of 12.72% and a net margin of 11.28%. The company had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.98 billion. During the same period in the previous year, the business earned $0.47 EPS. Mondelez International’s quarterly revenue was up 2.9% on a year-over-year basis. analysts anticipate that Mondelez International Inc will post 2.47 earnings per share for the current year.
Mondelez International announced that its board has approved a stock buyback program on Wednesday, January 31st that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, March 29th will be paid a dividend of $0.22 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.88 annualized dividend and a yield of 2.02%. Mondelez International’s dividend payout ratio (DPR) is currently 46.07%.
MDLZ has been the subject of several recent analyst reports. Bank of America lifted their price target on Mondelez International from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Morgan Stanley lifted their price target on Mondelez International from $49.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Societe Generale upgraded Mondelez International from a “hold” rating to a “buy” rating and lifted their price target for the company from $45.00 to $55.00 in a research note on Friday, February 2nd. Piper Jaffray Companies restated a “buy” rating and issued a $52.00 price target on shares of Mondelez International in a research note on Thursday, February 1st. Finally, Barclays restated a “buy” rating and issued a $50.00 price target on shares of Mondelez International in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Mondelez International currently has an average rating of “Buy” and a consensus price target of $50.69.
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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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