Mondelez International Inc (MDLZ) Stake Raised by Wealthfront Inc.
Wealthfront Inc. lifted its position in Mondelez International Inc (NASDAQ:MDLZ) by 57.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,175 shares of the company’s stock after buying an additional 10,980 shares during the quarter. Wealthfront Inc.’s holdings in Mondelez International were worth $1,291,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in MDLZ. Beach Investment Management LLC. purchased a new stake in shares of Mondelez International in the second quarter worth about $441,000. Synovus Financial Corp lifted its holdings in shares of Mondelez International by 3.2% in the second quarter. Synovus Financial Corp now owns 198,463 shares of the company’s stock worth $8,566,000 after buying an additional 6,233 shares in the last quarter. Blue Rock Advisors LLC lifted its holdings in shares of Mondelez International by 350.0% in the second quarter. Blue Rock Advisors LLC now owns 45,000 shares of the company’s stock worth $1,944,000 after buying an additional 35,000 shares in the last quarter. AGF Investments America Inc. lifted its holdings in shares of Mondelez International by 3.6% in the second quarter. AGF Investments America Inc. now owns 47,293 shares of the company’s stock worth $2,043,000 after buying an additional 1,653 shares in the last quarter. Finally, Fiduciary Trust Co. lifted its holdings in shares of Mondelez International by 1.2% in the second quarter. Fiduciary Trust Co. now owns 55,046 shares of the company’s stock worth $2,377,000 after buying an additional 650 shares in the last quarter. 76.47% of the stock is currently owned by hedge funds and other institutional investors.
In other Mondelez International news, Director Charles E. Bunch purchased 2,000 shares of Mondelez International stock in a transaction on Friday, February 16th. The shares were acquired at an average cost of $43.90 per share, for a total transaction of $87,800.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.60% of the stock is owned by company insiders.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Wednesday, January 31st. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. Mondelez International had a net margin of 11.28% and a return on equity of 12.72%. The business had revenue of $6.97 billion for the quarter, compared to analysts’ expectations of $6.98 billion. During the same period last year, the business earned $0.47 earnings per share. The business’s quarterly revenue was up 2.9% on a year-over-year basis. equities research analysts predict that Mondelez International Inc will post 2.47 EPS for the current fiscal year.
Mondelez International declared that its Board of Directors has approved a share repurchase plan on Wednesday, January 31st that allows the company to buyback $6.00 billion in outstanding 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.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Wednesday, March 28th. Mondelez International’s payout ratio is currently 46.07%.
A number of brokerages have recently issued reports on MDLZ. Zacks Investment Research downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. TheStreet raised shares of Mondelez International from a “c+” rating to a “b” rating in a research note on Thursday, December 21st. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $52.00 target price on shares of Mondelez International in a research note on Thursday, February 1st. Barclays reaffirmed a “buy” rating and issued a $50.00 target price on shares of Mondelez International in a research note on Friday, February 2nd. Finally, Susquehanna Bancshares set a $45.00 target price on shares of Mondelez International and gave the company a “hold” rating in a research note on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Mondelez International presently has a consensus rating of “Buy” and a consensus price target of $50.69.
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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