Sustainable Growth Advisers LP lowered its stake in Mondelez International (NASDAQ:MDLZ) by 16.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 5,874,310 shares of the company’s stock after selling 1,152,859 shares during the quarter. Mondelez International accounts for about 2.9% of Sustainable Growth Advisers LP’s portfolio, making the stock its 16th biggest holding. Sustainable Growth Advisers LP owned 0.39% of Mondelez International worth $245,135,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in MDLZ. Tower Research Capital LLC TRC lifted its holdings in Mondelez International by 3,206.0% in the 4th 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. Timber Hill LLC purchased a new position in Mondelez International in the 4th quarter valued at $4,451,000. Princeton Capital Management LLC purchased a new position in Mondelez International in the 4th quarter valued at $313,000. Virtus Fund Advisers LLC lifted its holdings in Mondelez International by 17.6% in the 4th quarter. Virtus Fund Advisers LLC now owns 2,314,248 shares of the company’s stock valued at $99,557,000 after purchasing an additional 345,837 shares in the last quarter. Finally, Good Life Advisors LLC purchased a new position in Mondelez International in the 4th quarter valued at $201,000. 75.98% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:MDLZ opened at $39.65 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.50 and a quick ratio of 0.34. The stock has a market cap of $58.49 billion, a P/E ratio of 18.53, a price-to-earnings-growth ratio of 1.36 and a beta of 0.87. Mondelez International has a 12-month low of $37.42 and a 12-month high of $47.23.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, May 1st. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.65 billion. Mondelez International had a return on equity of 13.04% and a net margin of 12.31%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the company earned $0.53 EPS. sell-side analysts forecast that Mondelez International will post 2.45 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Friday, June 29th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Thursday, June 28th. Mondelez International’s payout ratio is 41.12%.
Mondelez International announced that its Board of Directors has initiated a share repurchase program on Wednesday, January 31st that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.
Several research analysts have recently commented on MDLZ shares. Zacks Investment Research upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Monday, February 5th. Barclays reiterated a “buy” rating and set a $50.00 price target on shares of Mondelez International in a report on Friday, February 2nd. Societe Generale upgraded Mondelez International from a “hold” rating to a “buy” rating and lifted their price target for the stock from $45.00 to $55.00 in a report on Friday, February 2nd. Piper Jaffray reiterated a “buy” rating and set a $52.00 price target on shares of Mondelez International in a report on Thursday, February 1st. Finally, Bank of America lifted their price target on Mondelez International from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. Mondelez International presently has a consensus rating of “Buy” and an average target price of $49.53.
In related news, EVP Hubert Weber sold 10,931 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was 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 of the company’s stock, valued at approximately $7,044,278.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Trian Fund Management, L.P. acquired 1,028,600 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were acquired at an average cost of $44.27 per share, with a total value of $45,536,122.00. The disclosure for this purchase can be found here. 2.00% of the stock is currently owned by company insiders.
Mondelez International Company 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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