WealthTrust Fairport LLC lessened its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,985 shares of the company’s stock after selling 1,440 shares during the period. WealthTrust Fairport LLC’s holdings in Mondelez International were worth $1,241,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the stock. Bank of Nova Scotia Trust Co. purchased a new stake in shares of Mondelez International during the third quarter worth $113,000. Cerebellum GP LLC purchased a new position in Mondelez International in the fourth quarter valued at $127,000. Acrospire Investment Management LLC increased its holdings in Mondelez International by 1,450.0% in the second quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock valued at $134,000 after buying an additional 2,900 shares during the last quarter. Taylor Hoffman Wealth Management acquired a new position in Mondelez International in the fourth quarter valued at $144,000. Finally, Rockefeller Financial Services Inc. boosted its stake in Mondelez International by 300.0% in the third quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock valued at $163,000 after acquiring an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.
MDLZ has been the subject of several research analyst reports. BidaskClub downgraded shares of Mondelez International from a “sell” rating to a “strong sell” rating in a research note on Friday, January 5th. Morgan Stanley raised their price objective on shares of Mondelez International from $49.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Societe Generale raised shares of Mondelez International from a “hold” rating to a “buy” rating and increased their target price for the company from $45.00 to $55.00 in a report on Friday, February 2nd. Susquehanna Bancshares reissued a “hold” rating and set a $48.00 price objective on shares of Mondelez International in a research note on Tuesday, January 30th. Finally, Piper Jaffray Companies set a $50.00 price objective on shares of Mondelez International and gave the stock a “buy” rating in a research note on Thursday, January 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Mondelez International currently has a consensus rating of “Buy” and an average price target of $50.69.
Mondelez International (NASDAQ:MDLZ) last released its earnings results on Wednesday, January 31st. The company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.01. Mondelez International had a net margin of 11.28% and a return on equity of 12.72%. The company had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $6.98 billion. During the same quarter in the previous year, the firm earned $0.47 EPS. The company’s revenue was up 2.9% on a year-over-year basis. sell-side analysts expect that Mondelez International Inc will post 2.47 earnings per share for the current year.
The company also recently announced 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. This represents a $0.88 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Wednesday, March 28th. Mondelez International’s payout ratio is 47.06%.
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.
In other Mondelez International news, Director Trian Fund Management, L.P. bought 1,028,600 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The shares were acquired at an average cost of $44.27 per share, for a total transaction of $45,536,122.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Hubert Weber sold 10,931 shares of the business’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 transaction of $478,668.49. Following the completion of the sale, the executive vice president now owns 160,865 shares in the company, valued at $7,044,278.35. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.
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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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