Clifford Swan Investment Counsel LLC Has $6.31 Million Stake in Mondelez International Inc (MDLZ)
Clifford Swan Investment Counsel LLC grew its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 29.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 147,412 shares of the company’s stock after buying an additional 33,575 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in Mondelez International were worth $6,309,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of MDLZ. Bank of Nova Scotia Trust Co. purchased a new position in Mondelez International in the 3rd quarter worth approximately $113,000. Cerebellum GP LLC purchased a new position in Mondelez International in the 4th quarter worth approximately $127,000. Acrospire Investment Management LLC lifted its holdings in Mondelez International by 1,450.0% in 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 in the last quarter. Taylor Hoffman Wealth Management purchased a new position in Mondelez International in the 4th quarter worth approximately $144,000. Finally, Rockefeller Financial Services Inc. lifted its holdings in Mondelez International by 300.0% in 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 in the last quarter. 76.07% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Mondelez International Inc (MDLZ) opened at $44.14 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.48 and a debt-to-equity ratio of 0.50. Mondelez International Inc has a 12 month low of $39.19 and a 12 month high of $47.23. The stock has a market capitalization of $65,740.00, a P/E ratio of 23.11, a price-to-earnings-growth ratio of 1.49 and a beta of 0.92.
Mondelez International announced that its board has initiated a share buyback program on Wednesday, January 31st that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.
The company 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 $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Wednesday, March 28th. Mondelez International’s payout ratio is 46.07%.
A number of research firms recently commented on MDLZ. TheStreet raised Mondelez International from a “c+” rating to a “b” rating in a report 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 report on Friday, January 12th. Piper Jaffray Companies reissued a “buy” rating and issued a $52.00 price target on shares of Mondelez International in a report on Thursday, February 1st. Buckingham Research lowered their price target on Mondelez International from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday, October 31st. Finally, Susquehanna Bancshares reissued a “hold” rating and issued a $48.00 price target on shares of Mondelez International in a report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $50.69.
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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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