Virtu Financial LLC trimmed its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 76.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,592 shares of the company’s stock after selling 18,378 shares during the period. Virtu Financial LLC’s holdings in Mondelez International were worth $239,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of MDLZ. Amundi Pioneer Asset Management Inc. grew its position in Mondelez International by 348.9% in the third quarter. Amundi Pioneer Asset Management Inc. now owns 4,044,516 shares of the company’s stock worth $164,450,000 after acquiring an additional 3,143,550 shares in the last quarter. Lindsell Train Ltd grew its position in Mondelez International by 18.3% in the third quarter. Lindsell Train Ltd now owns 19,950,710 shares of the company’s stock worth $811,196,000 after acquiring an additional 3,086,000 shares in the last quarter. First Manhattan Co. grew its position in Mondelez International by 164.3% in the fourth quarter. First Manhattan Co. now owns 2,246,429 shares of the company’s stock worth $96,147,000 after acquiring an additional 1,396,538 shares in the last quarter. Bank of Montreal Can grew its position in Mondelez International by 49.1% in the fourth quarter. Bank of Montreal Can now owns 3,611,842 shares of the company’s stock worth $154,587,000 after acquiring an additional 1,189,387 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in Mondelez International by 8.8% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,356,382 shares of the company’s stock worth $586,187,000 after acquiring an additional 1,159,900 shares in the last quarter. 75.84% of the stock is owned by institutional investors.
Several analysts have commented on MDLZ shares. BidaskClub downgraded shares of Mondelez International from a “sell” rating to a “strong sell” rating in a research report on Friday, January 5th. Morgan Stanley boosted their target price on shares of Mondelez International from $49.00 to $50.00 and gave the stock 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 boosted their target price for the stock from $45.00 to $55.00 in a research report on Friday, February 2nd. Susquehanna Bancshares reaffirmed a “hold” rating and set a $48.00 price objective on shares of Mondelez International in a report 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 report on Thursday, January 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $50.69.
In related news, Director Trian Fund Management, L.P. bought 1,028,600 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The stock was purchased at an average cost of $44.27 per share, for a total transaction of $45,536,122.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Hubert Weber sold 10,931 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $43.79, for a total transaction of $478,668.49. Following the transaction, the executive vice president now owns 160,865 shares of the company’s stock, valued at $7,044,278.35. The disclosure for this sale can be found here. 3.60% of the stock is owned by corporate insiders.
Shares of Mondelez International stock opened at $43.19 on Monday. 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 $64,237.70, a price-to-earnings ratio of 20.09, a P/E/G ratio of 1.46 and a beta of 0.90. Mondelez International Inc has a 1-year low of $39.19 and a 1-year high of $47.23.
Mondelez International (NASDAQ:MDLZ) last released its earnings results on Wednesday, January 31st. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.01. The firm had revenue of $6.97 billion during the quarter, compared to analysts’ expectations of $6.98 billion. Mondelez International had a net margin of 11.28% and a return on equity of 12.72%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.47 EPS. analysts anticipate that Mondelez International Inc will post 2.47 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.04%. The ex-dividend date is Wednesday, March 28th. Mondelez International’s payout ratio is currently 46.07%.
Mondelez International declared that its board has approved a stock buyback plan on Wednesday, January 31st that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.
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Mondelez International Profile
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.
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