Ingalls & Snyder LLC raised its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 124,538 shares of the company’s stock after acquiring an additional 3,856 shares during the period. Ingalls & Snyder LLC’s holdings in Mondelez International were worth $5,330,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Bank of Nova Scotia Trust Co. bought a new position in Mondelez International during the third quarter valued at $113,000. Acrospire Investment Management LLC grew its holdings in shares of Mondelez International by 1,450.0% in the second quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock worth $134,000 after purchasing an additional 2,900 shares during the last quarter. Chicago Partners Investment Group LLC grew its holdings in shares of Mondelez International by 2,056.3% in the second quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock worth $157,000 after purchasing an additional 3,434 shares during the last quarter. Rockefeller Financial Services Inc. grew its holdings in shares of Mondelez International by 300.0% in the third quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock worth $163,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Tortoise Investment Management LLC grew its holdings in shares of Mondelez International by 232.4% in the third quarter. Tortoise Investment Management LLC now owns 4,291 shares of the company’s stock worth $174,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 75.82% of the company’s stock.
A number of research firms have recently commented on MDLZ. Piper Jaffray Companies set a $50.00 price target on shares of Mondelez International and gave the stock a “buy” rating in a report on Thursday. Zacks Investment Research upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Friday, January 12th. BidaskClub cut shares of Mondelez International from a “sell” rating to a “strong sell” rating in a report on Friday, January 5th. TheStreet upgraded shares of Mondelez International from a “c+” rating to a “b” rating in a report on Thursday, December 21st. Finally, BMO Capital Markets restated a “buy” rating and issued a $48.00 price target on shares of Mondelez International in a report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $49.50.
Shares of Mondelez International Inc (MDLZ) traded up $0.46 during trading on Friday, reaching $44.14. 8,893,274 shares of the company’s stock traded hands, compared to its average volume of 8,058,584. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.49. Mondelez International Inc has a one year low of $39.19 and a one year high of $47.23. The company has a market cap of $65,830.00, a PE ratio of 30.65, a price-to-earnings-growth ratio of 1.63 and a beta of 0.97.
Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The company had revenue of $6.53 billion for the quarter, compared to analysts’ expectations of $6.45 billion. During the same period in the prior year, the business earned $0.52 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. research analysts predict that Mondelez International Inc will post 2.14 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 11th. Shareholders of record on Friday, December 29th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend was Thursday, December 28th. Mondelez International’s payout ratio is 61.11%.
About Mondelez International
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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