Whittier Trust Co. increased its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 0.8% in the 4th quarter, HoldingsChannel reports. The fund owned 330,140 shares of the company’s stock after acquiring an additional 2,475 shares during the period. Whittier Trust Co.’s holdings in Mondelez International were worth $14,126,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of MDLZ. Amundi Pioneer Asset Management Inc. grew its position in Mondelez International by 348.9% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 4,044,516 shares of the company’s stock worth $164,450,000 after purchasing an additional 3,143,550 shares during the last quarter. Lindsell Train Ltd grew its position in Mondelez International by 18.3% during the 3rd quarter. Lindsell Train Ltd now owns 19,950,710 shares of the company’s stock worth $811,196,000 after purchasing an additional 3,086,000 shares during the last quarter. Eaton Vance Management grew its position in Mondelez International by 98.7% during the 2nd quarter. Eaton Vance Management now owns 5,038,277 shares of the company’s stock worth $217,603,000 after purchasing an additional 2,502,668 shares during the last quarter. Northern Trust Corp grew its position in Mondelez International by 7.3% during the 2nd quarter. Northern Trust Corp now owns 21,688,257 shares of the company’s stock worth $936,717,000 after purchasing an additional 1,470,112 shares during the last quarter. Finally, First Manhattan Co. grew its position in Mondelez International by 164.3% during the 4th quarter. First Manhattan Co. now owns 2,246,429 shares of the company’s stock worth $96,147,000 after purchasing an additional 1,396,538 shares during the last quarter. Hedge funds and other institutional investors own 76.11% of the company’s stock.
Several analysts have weighed in on the stock. 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. 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. 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. Piper Jaffray Companies reissued a “buy” rating and set a $52.00 target price on shares of Mondelez International in a research report on Thursday, February 1st. Finally, Barclays reissued a “buy” rating and set 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 issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $50.69.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Wednesday, January 31st. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.56 by $0.01. The business had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.98 billion. Mondelez International had a net margin of 11.28% and a return on equity of 12.72%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 EPS. sell-side analysts predict that Mondelez International Inc will post 2.47 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Wednesday, March 28th. Mondelez International’s dividend payout ratio (DPR) is currently 46.07%.
Mondelez International announced that its board has approved a stock repurchase plan on Wednesday, January 31st that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.
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Mondelez International 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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