Wilbanks Smith & Thomas Asset Management LLC cut its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 23.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 21,738 shares of the company’s stock after selling 6,643 shares during the quarter. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Mondelez International were worth $870,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of MDLZ. Oregon Public Employees Retirement Fund boosted its position in Mondelez International by 3,854.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,387,067 shares of the company’s stock worth $160,000 after buying an additional 6,225,539 shares during the period. American Century Companies Inc. boosted its position in Mondelez International by 52.0% during the 3rd quarter. American Century Companies Inc. now owns 15,345,265 shares of the company’s stock worth $659,233,000 after buying an additional 5,246,517 shares during the period. Sound Shore Management Inc. CT acquired a new stake in Mondelez International during the 4th quarter worth approximately $141,109,000. Wells Fargo & Company MN boosted its position in Mondelez International by 33.2% during the 3rd quarter. Wells Fargo & Company MN now owns 12,128,402 shares of the company’s stock worth $521,036,000 after buying an additional 3,024,713 shares during the period. Finally, BlackRock Inc. boosted its position in Mondelez International by 3.6% during the 3rd quarter. BlackRock Inc. now owns 86,963,350 shares of the company’s stock worth $3,735,944,000 after buying an additional 2,995,606 shares during the period. Institutional investors and hedge funds own 76.00% of the company’s stock.
MDLZ has been the topic of several recent research reports. ValuEngine upgraded shares of Mondelez International from a “hold” rating to a “buy” rating in a research report on Tuesday, February 12th. Barclays restated a “buy” rating and set a $49.00 price target on shares of Mondelez International in a report on Friday, February 1st. Wells Fargo & Co restated a “buy” rating on shares of Mondelez International in a report on Monday, January 28th. BidaskClub upgraded shares of Mondelez International from a “hold” rating to a “buy” rating in a report on Thursday, November 22nd. Finally, Piper Jaffray Companies set a $48.00 price target on shares of Mondelez International and gave the stock a “buy” rating in a report on Tuesday, October 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $47.27.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Wednesday, January 30th. The company reported $0.63 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.63. Mondelez International had a net margin of 12.64% and a return on equity of 14.03%. The firm had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.77 billion. During the same quarter last year, the business earned $0.57 EPS. The company’s revenue was down 2.8% compared to the same quarter last year. As a group, equities research analysts predict that Mondelez International Inc will post 2.49 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 29th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.04 annualized dividend and a yield of 2.18%. Mondelez International’s payout ratio is 42.80%.
In other news, EVP Gerhard W. Pleuhs sold 29,340 shares of Mondelez International stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $47.72, for a total value of $1,400,104.80. Following the completion of the sale, the executive vice president now owns 229,700 shares in the company, valued at approximately $10,961,284. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Vinzenz P. Gruber sold 10,945 shares of Mondelez International stock in a transaction on Friday, February 1st. The shares were sold at an average price of $45.86, for a total transaction of $501,937.70. Following the completion of the sale, the executive vice president now owns 139,584 shares of the company’s stock, valued at approximately $6,401,322.24. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.
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About Mondelez International
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.
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