Halbert Hargrove Russell LLC acquired a new position in shares of Mondelez International Inc (NASDAQ:MDLZ) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,691 shares of the company’s stock, valued at approximately $201,000.
A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Mondelez International by 1.2% in the second quarter. Vanguard Group Inc. now owns 98,799,909 shares of the company’s stock valued at $4,267,168,000 after purchasing an additional 1,168,269 shares during the period. Northern Trust Corp raised its position in Mondelez International by 7.3% during the second quarter. Northern Trust Corp now owns 21,688,257 shares of the company’s stock worth $936,717,000 after acquiring an additional 1,470,112 shares during the last quarter. Lindsell Train Ltd raised its position in Mondelez International by 18.3% during 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 during the last quarter. Macquarie Group Ltd. raised its position in Mondelez International by 1.0% during the third quarter. Macquarie Group Ltd. now owns 16,975,186 shares of the company’s stock worth $690,211,000 after acquiring an additional 175,487 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Mondelez International by 0.3% in the third quarter. Bank of New York Mellon Corp now owns 16,967,667 shares of the company’s stock valued at $689,906,000 after buying an additional 47,563 shares during the last quarter. 76.07% of the stock is currently owned by institutional investors.
A number of equities analysts have recently weighed in on MDLZ shares. Morgan Stanley boosted their price objective on shares of Mondelez International from $49.00 to $50.00 and gave the company 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 price objective 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 company a “buy” rating in a report on Thursday, February 1st. Finally, Susquehanna Bancshares set a $45.00 target price on shares of Mondelez International and gave the company a “hold” rating in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $50.69.
Mondelez International Inc (MDLZ) opened at $44.14 on Friday. The firm has a market cap of $65,740.00, a price-to-earnings ratio of 23.11, a PEG ratio of 1.49 and a beta of 0.92. The company has a quick ratio of 0.31, a current ratio of 0.48 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 announced its earnings results on Wednesday, January 31st. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.01. The business had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $6.98 billion. Mondelez International had a net margin of 7.84% and a return on equity of 12.34%. 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 firm earned $0.47 earnings per share. analysts anticipate that Mondelez International Inc will post 2.47 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.88 annualized dividend and a yield of 1.99%. Mondelez International’s dividend payout ratio is presently 46.07%.
Mondelez International announced that its board has initiated a stock repurchase plan on Wednesday, January 31st that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
Source: Stock News Times