Global Financial Private Capital LLC trimmed its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 65.9% during the 4th quarter, HoldingsChannel reports. The fund owned 4,766 shares of the company’s stock after selling 9,202 shares during the period. Global Financial Private Capital LLC’s holdings in Mondelez International were worth $204,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Bank of Nova Scotia Trust Co. purchased a new position in shares of Mondelez International in the third quarter valued at about $113,000. Cerebellum GP LLC purchased a new position in shares of Mondelez International in the fourth quarter valued at about $127,000. Acrospire Investment Management LLC lifted its position in shares of Mondelez International by 1,450.0% in the second quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock valued at $134,000 after acquiring an additional 2,900 shares in the last quarter. Rockefeller Financial Services Inc. lifted its position in shares of Mondelez International by 300.0% in the third quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock valued at $163,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its position in shares of Mondelez International by 232.4% in the third quarter. Tortoise Investment Management LLC now owns 4,291 shares of the company’s stock valued at $174,000 after acquiring an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.
Shares of Mondelez International Inc (NASDAQ:MDLZ) opened at $43.76 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.31. The company has a market capitalization of $65,650.66, a PE ratio of 20.53, a P/E/G ratio of 1.49 and a beta of 0.92. Mondelez International Inc has a 52-week low of $39.19 and a 52-week high of $47.23.
Mondelez International announced that its Board of Directors has authorized a stock buyback program on Wednesday, January 31st that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, March 29th will be paid a dividend of $0.22 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.88 annualized dividend and a yield of 2.01%. Mondelez International’s payout ratio is currently 46.07%.
In related news, Director Charles E. Bunch acquired 2,000 shares of Mondelez International stock in a transaction on Friday, February 16th. The shares were bought at an average cost of $43.90 per share, with a total value of $87,800.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.60% of the company’s stock.
MDLZ has been the topic of several research analyst reports. TheStreet upgraded Mondelez International from a “c+” rating to a “b” rating in a research report on Thursday, December 21st. Piper Jaffray Companies set a $50.00 price objective on Mondelez International and gave the company a “buy” rating in a research report on Thursday, January 18th. Zacks Investment Research upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Friday, January 12th. BMO Capital Markets restated a “buy” rating and issued a $48.00 price objective on shares of Mondelez International in a research report on Thursday, November 2nd. Finally, Buckingham Research lowered their price objective on Mondelez International from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $50.69.
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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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