OLD Mission Capital LLC acquired a new position in shares of Mondelez International Inc (NASDAQ:MDLZ) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,931 shares of the company’s stock, valued at approximately $468,000.
Other large investors have also recently made changes to their positions in the company. Linscomb & Williams Inc. increased its stake 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 acquiring an additional 39 shares during the last quarter. Aspen Investment Management Inc increased its stake in shares of Mondelez International by 0.8% in the 2nd quarter. Aspen Investment Management Inc now owns 19,508 shares of the company’s stock valued at $843,000 after acquiring an additional 150 shares during the last quarter. M&R Capital Management Inc. increased its stake in shares of Mondelez International by 1.3% in the 2nd quarter. M&R Capital Management Inc. now owns 22,765 shares of the company’s stock valued at $992,000 after acquiring an additional 300 shares during the last quarter. RNC Capital Management LLC increased its stake in shares of Mondelez International by 8.3% in the 2nd quarter. RNC Capital Management LLC now owns 6,757 shares of the company’s stock valued at $292,000 after acquiring an additional 516 shares during the last quarter. Finally, Sentry Investment Management LLC increased its stake in shares of Mondelez International by 0.6% in the 2nd quarter. Sentry Investment Management LLC now owns 123,050 shares of the company’s stock valued at $5,315,000 after acquiring an additional 789 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Trian Fund Management, L.P. purchased 1,028,600 shares of Mondelez International stock in a transaction on Friday, March 9th. The stock was purchased at an average price of $44.27 per share, with a total value of $45,536,122.00. The acquisition 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 that occurred 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 transaction, the executive vice president now directly owns 160,865 shares of the company’s stock, valued at approximately $7,044,278.35. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Wednesday, January 31st. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. Mondelez International had a return on equity of 12.72% and a net margin of 11.28%. The firm had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $6.98 billion. During the same quarter in the prior year, the firm posted $0.47 EPS. The business’s revenue was up 2.9% on a year-over-year basis. research analysts anticipate that Mondelez International Inc will post 2.47 earnings per share for the current fiscal year.
Mondelez International declared that its board has authorized 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 buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Wednesday, March 28th. Mondelez International’s dividend payout ratio (DPR) is currently 46.07%.
A number of analysts have recently commented on MDLZ shares. BidaskClub raised Mondelez International from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 7th. TheStreet raised Mondelez International from a “c+” rating to a “b” rating in a research note on Thursday, December 21st. Zacks Investment Research cut Mondelez International from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Piper Jaffray Companies set a $50.00 price objective on Mondelez International and gave the company a “buy” rating in a research report on Thursday, January 18th. Finally, Susquehanna Bancshares reiterated a “hold” rating and issued a $48.00 price objective on shares of Mondelez International in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $50.69.
About Mondelez International
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.
Receive News & Ratings for Mondelez International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International and related companies with MarketBeat.com's FREE daily email newsletter.