Quad Capital Management Advisors LLC bought a new stake in shares of Mondelez International Inc (NASDAQ:MDLZ) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 20,000 shares of the company’s stock, valued at approximately $856,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Linscomb & Williams Inc. increased its stake in shares of Mondelez International by 0.3% in the second quarter. Linscomb & Williams Inc. now owns 13,433 shares of the company’s stock worth $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 second quarter. Aspen Investment Management Inc now owns 19,508 shares of the company’s stock worth $843,000 after acquiring an additional 150 shares during the last quarter. First City Capital Management Inc. increased its stake in shares of Mondelez International by 0.4% in the second quarter. First City Capital Management Inc. now owns 34,424 shares of the company’s stock worth $1,487,000 after acquiring an additional 151 shares during the last quarter. M&R Capital Management Inc. increased its stake in shares of Mondelez International by 1.3% in the second quarter. M&R Capital Management Inc. now owns 22,765 shares of the company’s stock worth $992,000 after acquiring an additional 300 shares during the last quarter. Finally, RNC Capital Management LLC increased its stake in shares of Mondelez International by 8.3% in the second quarter. RNC Capital Management LLC now owns 6,757 shares of the company’s stock worth $292,000 after acquiring an additional 516 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.
Shares of Mondelez International Inc (MDLZ) opened at $43.88 on Thursday. The stock has a market cap of $65,501.93, a price-to-earnings ratio of 22.97, a P/E/G ratio of 1.49 and a beta of 0.90. Mondelez International Inc has a fifty-two week low of $39.19 and a fifty-two week high of $47.23. The company has a quick ratio of 0.31, a current ratio of 0.48 and a debt-to-equity ratio of 0.50.
Mondelez International announced that its board has initiated a share buyback plan on Wednesday, January 31st that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are 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 issued 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 of this dividend is Wednesday, March 28th. Mondelez International’s dividend payout ratio (DPR) is 46.07%.
In other Mondelez International news, EVP Hubert Weber sold 10,931 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were 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 directly owns 160,865 shares in the company, valued at $7,044,278.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Trian Fund Management, L.P. purchased 1,028,600 shares of the firm’s stock in a transaction on Friday, March 9th. The shares were purchased at an average price of $44.27 per share, with a total value of $45,536,122.00. The disclosure for this purchase can be found here. 3.60% of the stock is owned by corporate insiders.
A number of research firms have recently weighed in on MDLZ. TheStreet raised shares of Mondelez International from a “c+” rating to a “b” rating in a research note on Thursday, December 21st. Zacks Investment Research raised shares of Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Friday, January 12th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $52.00 price target on shares of Mondelez International in a research note on Thursday, February 1st. Susquehanna Bancshares reaffirmed a “hold” rating and issued a $48.00 price target on shares of Mondelez International in a research note on Tuesday, January 30th. Finally, Societe Generale raised shares of Mondelez International from a “hold” rating to a “buy” rating and upped their price target for the stock from $45.00 to $55.00 in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $50.69.
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Mondelez International Company 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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