Salem Investment Counselors Inc. increased its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,977 shares of the company’s stock after acquiring an additional 1,235 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Mondelez International were worth $2,653,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its position in Mondelez International by 3,206.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 44,532 shares of the company’s stock valued at $1,906,000 after purchasing an additional 43,185 shares in the last quarter. Sand Hill Global Advisors LLC purchased a new position in Mondelez International during the third quarter valued at approximately $4,113,000. Timber Hill LLC bought a new stake in Mondelez International in the fourth quarter worth approximately $4,451,000. Keybank National Association OH grew its position in Mondelez International by 3.4% in the third quarter. Keybank National Association OH now owns 1,040,550 shares of the company’s stock worth $42,309,000 after acquiring an additional 34,038 shares in the last quarter. Finally, Swiss National Bank grew its position in Mondelez International by 0.4% in the third quarter. Swiss National Bank now owns 5,598,377 shares of the company’s stock worth $227,630,000 after acquiring an additional 20,500 shares in the last quarter. 75.84% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Mondelez International stock opened at $41.70 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.31. Mondelez International Inc has a one year low of $39.19 and a one year high of $47.23. The firm has a market cap of $62,988.34, a price-to-earnings ratio of 19.70, a PEG ratio of 1.44 and a beta of 0.90.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Wednesday, January 31st. The company reported $0.57 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $6.97 billion during the quarter, compared to analysts’ expectations of $6.98 billion. During the same period in the previous year, the company earned $0.47 earnings per share. Mondelez International’s revenue for the quarter was up 2.9% on a year-over-year basis. research analysts anticipate 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 buyback program on Wednesday, January 31st that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
The company also recently disclosed 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. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Wednesday, March 28th. Mondelez International’s payout ratio is 46.07%.
In other news, Director Trian Fund Management, L.P. acquired 1,028,600 shares of Mondelez International stock in a transaction dated Friday, March 9th. The stock was acquired at an average cost of $44.27 per share, for a total transaction of $45,536,122.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles E. Bunch acquired 2,000 shares of Mondelez International stock in a transaction dated Friday, February 16th. The stock was purchased at an average price of $43.90 per share, with a total value of $87,800.00. The disclosure for this purchase can be found here. 3.60% of the stock is currently owned by insiders.
MDLZ has been the subject of several recent research reports. 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. Zacks Investment Research raised shares of Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Thursday, January 4th. BidaskClub raised shares of Mondelez International from a “strong sell” rating to a “sell” rating in a research report on Monday, February 5th. Bank of America boosted their target price on shares of Mondelez International from $50.00 to $56.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Finally, Barclays reissued a “buy” rating and issued a $50.00 target price on shares of Mondelez International in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Mondelez International currently has a consensus rating of “Buy” and a consensus price target of $50.44.
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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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