Pinnacle Financial Partners Inc. raised its position in Mondelez International Inc (NASDAQ:MDLZ) by 18.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,401 shares of the company’s stock after acquiring an additional 12,647 shares during the quarter. Pinnacle Financial Partners Inc.’s holdings in Mondelez International were worth $3,441,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bank of Nova Scotia Trust Co. purchased a new stake in Mondelez International during the third quarter worth approximately $113,000. Cerebellum GP LLC purchased a new stake in Mondelez International during the fourth quarter worth approximately $127,000. Acrospire Investment Management LLC lifted its stake 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. Rockefeller Financial Services Inc. lifted 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 buying an additional 3,000 shares during the last quarter. Finally, Tortoise Investment Management LLC lifted its stake in Mondelez International by 232.4% in the third quarter. Tortoise Investment Management LLC now owns 4,291 shares of the company’s stock valued at $174,000 after buying an additional 3,000 shares during the last quarter. 74.88% of the stock is owned by institutional investors.
In other Mondelez International news, Director Charles E. Bunch acquired 2,000 shares of the stock in a transaction on Friday, February 16th. The stock was purchased at an average price of $43.90 per share, for a total transaction of $87,800.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Hubert Weber sold 10,931 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $43.79, for a total value of $478,668.49. Following the sale, the executive vice president now owns 160,865 shares of the company’s stock, valued at approximately $7,044,278.35. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by company insiders.
Mondelez International Inc (NASDAQ MDLZ) traded up $0.42 during trading on Thursday, hitting $44.00. The stock had a trading volume of 8,596,860 shares, compared to its average volume of 9,735,467. The stock has a market cap of $65,520.00, a P/E ratio of 23.53, a price-to-earnings-growth ratio of 1.54 and a beta of 0.90. The company has a current ratio of 0.48, a quick ratio of 0.31 and a debt-to-equity ratio of 0.50. Mondelez International Inc has a 52 week low of $39.19 and a 52 week high of $47.23.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Wednesday, January 31st. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. Mondelez International had a return on equity of 12.72% and a net margin of 11.28%. 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 business posted $0.47 EPS. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. analysts expect that Mondelez International Inc will post 2.47 EPS for the current fiscal year.
Mondelez International announced that its Board of Directors has authorized a share repurchase plan on Wednesday, January 31st that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.00%. Mondelez International’s dividend payout ratio (DPR) is currently 47.06%.
MDLZ has been the subject of a number of research reports. BidaskClub cut Mondelez International from a “sell” rating to a “strong sell” rating in a research note on Friday, January 5th. Zacks Investment Research raised Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Friday, January 12th. Barclays reissued a “buy” rating and issued a $50.00 target price on shares of Mondelez International in a report on Friday, February 2nd. Piper Jaffray Companies set a $50.00 target price on Mondelez International and gave the company a “buy” rating in a report on Thursday, January 18th. Finally, Bank of America upped their target price on Mondelez International from $50.00 to $56.00 and gave the company a “buy” rating in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently 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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