Factory Mutual Insurance Co. Has $49.07 Million Holdings in Mondelez International Inc (MDLZ)
Factory Mutual Insurance Co. raised its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,146,500 shares of the company’s stock after acquiring an additional 50,000 shares during the period. Factory Mutual Insurance Co.’s holdings in Mondelez International were worth $49,070,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Banque Pictet & Cie SA boosted its stake in shares of Mondelez International by 90.1% during the second quarter. Banque Pictet & Cie SA now owns 18,904 shares of the company’s stock valued at $816,000 after purchasing an additional 8,962 shares during the period. Aberdeen Asset Management PLC UK boosted its stake in shares of Mondelez International by 11.2% during the second quarter. Aberdeen Asset Management PLC UK now owns 465,221 shares of the company’s stock valued at $20,093,000 after purchasing an additional 46,992 shares during the period. Engineers Gate Manager LP purchased a new stake in shares of Mondelez International during the second quarter valued at $3,867,000. Sustainable Growth Advisers LP boosted its stake in shares of Mondelez International by 20.8% during the second quarter. Sustainable Growth Advisers LP now owns 6,697,816 shares of the company’s stock valued at $289,279,000 after purchasing an additional 1,151,730 shares during the period. Finally, South Dakota Investment Council boosted its stake in shares of Mondelez International by 130.3% during the second quarter. South Dakota Investment Council now owns 452,848 shares of the company’s stock valued at $19,559,000 after purchasing an additional 256,250 shares during the period. 75.82% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on the stock. TheStreet raised shares of Mondelez International from a “c+” rating to a “b” rating in a research note on Thursday, December 21st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $53.00 price objective on shares of Mondelez International in a research note on Tuesday, October 3rd. Zacks Investment Research lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. BidaskClub lowered shares of Mondelez International from a “sell” rating to a “strong sell” rating in a research note on Friday, January 5th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $55.00 price objective 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, two have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Mondelez International currently has an average rating of “Buy” and an average price target of $49.43.
Mondelez International Inc (MDLZ) traded down $0.04 during trading hours on Tuesday, reaching $42.47. 7,179,400 shares of the company were exchanged, compared to its average volume of 7,647,367. Mondelez International Inc has a 52 week low of $39.19 and a 52 week high of $47.23. The stock has a market capitalization of $64,360.00, a price-to-earnings ratio of 29.49, a PEG ratio of 1.58 and a beta of 0.97. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.49.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Monday, October 30th. The company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. The company had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.45 billion. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 earnings per share. sell-side analysts predict that Mondelez International Inc will post 2.14 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, January 11th. Shareholders of record on Friday, December 29th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Thursday, December 28th. Mondelez International’s payout ratio is 61.11%.
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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