Timber Hill LLC acquired a new stake in shares of Mondelez International Inc (NASDAQ:MDLZ) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 104,000 shares of the company’s stock, valued at approximately $4,451,000.
Other hedge funds also recently made changes to their positions in the company. Bank of Nova Scotia Trust Co. acquired a new position in Mondelez International during the third quarter valued at approximately $113,000. Cerebellum GP LLC acquired a new position in Mondelez International during the fourth quarter valued at approximately $127,000. Acrospire Investment Management LLC grew its holdings in Mondelez International by 1,450.0% during the second quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock valued at $134,000 after purchasing an additional 2,900 shares during the last quarter. Taylor Hoffman Wealth Management acquired a new position in Mondelez International during the fourth quarter valued at approximately $144,000. Finally, Rockefeller Financial Services Inc. grew its holdings in Mondelez International by 300.0% during the third quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock valued at $163,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.
Several equities analysts have commented on the company. Zacks Investment Research downgraded Mondelez International from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. TheStreet upgraded Mondelez International from a “c+” rating to a “b” rating in a report on Thursday, December 21st. Piper Jaffray Companies reiterated a “buy” rating and set a $52.00 price target on shares of Mondelez International in a report on Thursday, February 1st. Barclays reiterated a “buy” rating and set a $50.00 price target on shares of Mondelez International in a report on Friday, February 2nd. Finally, Susquehanna Bancshares set a $45.00 price target on Mondelez International and gave the company a “hold” rating in a report on Monday, October 30th. One 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 stock. The stock has an average rating of “Buy” and an average target price of $50.69.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Wednesday, January 31st. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.01. The company had revenue of $6.97 billion during the quarter, compared to analysts’ expectations of $6.98 billion. Mondelez International had a return on equity of 12.72% and a net margin of 11.28%. The business’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the business earned $0.47 earnings per share. equities research analysts anticipate that Mondelez International Inc will post 2.47 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, March 29th will be issued a dividend of $0.22 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.99%. Mondelez International’s payout ratio is presently 46.07%.
Mondelez International declared that its Board of Directors has initiated a share buyback plan on Wednesday, January 31st that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.
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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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