Folger Nolan Fleming Douglas Capital Management Inc. bought a new stake in shares of Mondelez International Inc (NASDAQ:MDLZ) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,747 shares of the company’s stock, valued at approximately $203,000.
A number of other large investors also recently made changes to their positions in MDLZ. Bank of Nova Scotia Trust Co. purchased a new position in shares of Mondelez International during the 3rd quarter worth $113,000. Cerebellum GP LLC purchased a new position in shares of Mondelez International during the 4th quarter worth $127,000. Acrospire Investment Management LLC lifted its stake in shares of Mondelez International by 1,450.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock worth $134,000 after purchasing an additional 2,900 shares during the period. Taylor Hoffman Wealth Management purchased a new position in shares of Mondelez International during the 4th quarter worth $144,000. Finally, Rockefeller Financial Services Inc. lifted its stake in shares of Mondelez International by 300.0% during the 3rd quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock worth $163,000 after purchasing an additional 3,000 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.
Shares of Mondelez International Inc (NASDAQ:MDLZ) opened at $43.51 on Friday. Mondelez International Inc has a twelve month low of $39.19 and a twelve month high of $47.23. The stock has a market capitalization of $64,877.25, a price-to-earnings ratio of 22.78, a P/E/G ratio of 1.48 and a beta of 0.92. 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders 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 dividend yield of 2.02%. Mondelez International’s dividend payout ratio is presently 46.07%.
Mondelez International announced that its Board of Directors has authorized a stock repurchase plan 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. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
A number of research analysts have 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 raised Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Friday, January 12th. Piper Jaffray Companies reissued a “buy” rating and set a $52.00 price target on shares of Mondelez International in a research note on Thursday, February 1st. Buckingham Research reduced their price target on Mondelez International from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, October 31st. Finally, Susquehanna Bancshares reissued a “hold” rating and set a $48.00 price target on shares of Mondelez International in a research note on Tuesday, January 30th. One equities 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 given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $50.69.
In other Mondelez International news, Director Charles E. Bunch bought 2,000 shares of the stock in a transaction dated Friday, February 16th. The stock was bought at an average cost of $43.90 per share, for a total transaction of $87,800.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.60% of the stock is owned by company insiders.
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About Mondelez International
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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