Livforsakringsbolaget Skandia Omsesidigt Decreases Position in Mondelez International Inc (MDLZ)
Livforsakringsbolaget Skandia Omsesidigt trimmed its position in Mondelez International Inc (NASDAQ:MDLZ) by 22.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,870 shares of the company’s stock after selling 6,600 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Mondelez International were worth $979,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Bank of Nova Scotia Trust Co. acquired a new position in Mondelez International in the third quarter worth about $113,000. Acrospire Investment Management LLC boosted its stake in 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 during the period. Chicago Partners Investment Group LLC boosted its stake in Mondelez International by 2,056.3% in the second quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock valued at $157,000 after acquiring an additional 3,434 shares during the period. Rockefeller Financial Services Inc. boosted its stake in 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 during the period. Finally, Tortoise Investment Management LLC boosted its stake in 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 during the period. Institutional investors and hedge funds own 75.82% of the company’s stock.
A number of equities analysts have commented on the company. TheStreet upgraded Mondelez International from a “c+” rating to a “b” rating in a research note on Thursday, December 21st. Zacks Investment Research downgraded Mondelez International from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Susquehanna Bancshares set a $45.00 target price on Mondelez International and gave the company a “hold” rating in a research note on Monday, October 30th. BidaskClub upgraded Mondelez International from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 7th. Finally, Piper Jaffray Companies set a $50.00 target price on Mondelez International and gave the company a “buy” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Mondelez International presently has a consensus rating of “Buy” and an average target price of $49.50.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Monday, October 30th. The company reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. The company had revenue of $6.53 billion for the quarter, compared to analysts’ expectations of $6.45 billion. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 earnings per share. sell-side analysts forecast that Mondelez International Inc will post 2.14 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 11th. Stockholders of record on Friday, December 29th were issued a dividend of $0.22 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.99%. Mondelez International’s dividend payout ratio (DPR) is presently 61.11%.
In other Mondelez International news, Director Lewis W. K. Booth purchased 1,500 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were bought at an average price of $41.29 per share, with a total value of $61,935.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.60% of the company’s stock.
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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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