Sawyer & Company Inc purchased a new position in shares of Mondelez International Inc (NASDAQ:MDLZ) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 11,955 shares of the company’s stock, valued at approximately $512,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MDLZ. Perkins Coie Trust Co grew its position in Mondelez International by 1.4% during the 2nd quarter. Perkins Coie Trust Co now owns 33,817 shares of the company’s stock worth $1,460,000 after acquiring an additional 480 shares during the last quarter. Koshinski Asset Management Inc. acquired a new position in Mondelez International during the 2nd quarter worth $220,000. Dynamic Advisors Solutions LLC lifted its holdings in Mondelez International by 1.5% during the 2nd quarter. Dynamic Advisors Solutions LLC now owns 7,427 shares of the company’s stock worth $321,000 after buying an additional 109 shares in the last quarter. Atria Investments LLC lifted its holdings in Mondelez International by 1.5% during the 2nd quarter. Atria Investments LLC now owns 12,527 shares of the company’s stock worth $541,000 after buying an additional 188 shares in the last quarter. Finally, RB Capital Management LLC acquired a new position in Mondelez International during the 2nd quarter worth $245,000. Institutional investors and hedge funds own 75.78% of the company’s stock.
A number of research analysts have recently weighed in on the company. TheStreet raised Mondelez International from a “c+” rating to a “b” rating in a research note on Thursday, December 21st. Zacks Investment Research downgraded Mondelez International from a “buy” rating to a “hold” rating in a research note on Wednesday. Royal Bank of Canada reissued a “buy” rating and issued a $53.00 price target on shares of Mondelez International in a research note on Tuesday, October 3rd. BidaskClub downgraded Mondelez International from a “sell” rating to a “strong sell” rating in a research note on Friday, January 5th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $55.00 price target on shares of Mondelez International in a research note on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $49.43.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Monday, October 30th. The company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The business had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.45 billion. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 EPS. equities research analysts predict that Mondelez International Inc will post 2.14 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Thursday, December 28th. Mondelez International’s dividend payout ratio (DPR) is presently 61.11%.
In other news, Director Lewis W. K. Booth bought 1,500 shares of the stock in a transaction on Thursday, November 9th. The stock was purchased at an average price of $41.29 per share, for a total transaction of $61,935.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.60% of the stock is currently owned by corporate insiders.
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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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