Sterneck Capital Management LLC trimmed its position in Mondelez International Inc (NASDAQ:MDLZ) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,120 shares of the company’s stock after selling 1,780 shares during the quarter. Sterneck Capital Management LLC’s holdings in Mondelez International were worth $1,460,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in MDLZ. Bank of Nova Scotia Trust Co. acquired a new stake in Mondelez International during the 3rd quarter worth $113,000. Cerebellum GP LLC acquired a new stake in Mondelez International during the 4th quarter worth $127,000. Acrospire Investment Management LLC raised its stake in Mondelez International by 1,450.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock worth $134,000 after acquiring an additional 2,900 shares in the last quarter. Rockefeller Financial Services Inc. raised its stake in Mondelez International by 300.0% during the 3rd quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock worth $163,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Tortoise Investment Management LLC raised its stake in Mondelez International by 232.4% during the 3rd quarter. Tortoise Investment Management LLC now owns 4,291 shares of the company’s stock worth $174,000 after acquiring an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 76.11% of the company’s stock.
Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. TheStreet upgraded shares of Mondelez International from a “c+” rating to a “b” rating in a research note 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 research note on Thursday, February 1st. Barclays reissued a “buy” rating and set a $50.00 price objective on shares of Mondelez International in a research report on Friday, February 2nd. Finally, Susquehanna Bancshares set a $45.00 price objective on shares of Mondelez International and gave the stock a “hold” rating in a research report on Monday, October 30th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Mondelez International currently has an average rating of “Buy” and an average price target of $50.69.
Mondelez International Inc (NASDAQ:MDLZ) opened at $42.14 on Friday. Mondelez International Inc has a 52-week low of $39.19 and a 52-week high of $47.23. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.31 and a current ratio of 0.48. The stock has a market cap of $62,973.51, a price-to-earnings ratio of 19.60, a price-to-earnings-growth ratio of 1.43 and a beta of 0.92.
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, 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 for the quarter, compared to the consensus estimate of $6.98 billion. During the same period last year, the firm posted $0.47 EPS. Mondelez International’s revenue for the quarter was up 2.9% on a year-over-year basis. equities analysts anticipate that Mondelez International Inc will post 2.47 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Wednesday, March 28th. Mondelez International’s payout ratio is 46.07%.
Mondelez International announced that its Board of Directors has authorized a stock buyback plan on Wednesday, January 31st that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
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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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