Mondelez International Inc (MDLZ) Holdings Boosted by Baldwin Brothers Inc. MA
Baldwin Brothers Inc. MA boosted its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 398.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,261 shares of the company’s stock after purchasing an additional 1,008 shares during the quarter. Baldwin Brothers Inc. MA’s holdings in Mondelez International were worth $50,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Schroder Investment Management Group lifted its stake in Mondelez International by 122.9% in the second quarter. Schroder Investment Management Group now owns 146,659 shares of the company’s stock valued at $5,998,000 after acquiring an additional 80,866 shares during the last quarter. Atria Investments LLC lifted its stake in Mondelez International by 27.6% in the third quarter. Atria Investments LLC now owns 17,757 shares of the company’s stock valued at $763,000 after acquiring an additional 3,843 shares during the last quarter. DNB Asset Management AS lifted its stake in Mondelez International by 1.6% in the third quarter. DNB Asset Management AS now owns 228,054 shares of the company’s stock valued at $9,797,000 after acquiring an additional 3,482 shares during the last quarter. Iberiabank Corp acquired a new stake in Mondelez International in the third quarter valued at $228,000. Finally, KAMES CAPITAL plc acquired a new stake in Mondelez International in the third quarter valued at $2,526,000. Institutional investors own 75.38% of the company’s stock.
MDLZ has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of Mondelez International from a “hold” rating to a “buy” rating in a research note on Thursday, November 22nd. Piper Jaffray Companies set a $48.00 price target on shares of Mondelez International and gave the company a “buy” rating in a research note on Tuesday, October 30th. Guggenheim initiated coverage on shares of Mondelez International in a research note on Tuesday, January 22nd. They issued a “buy” rating and a $47.00 price target for the company. Barclays reiterated a “buy” rating and issued a $49.00 price target on shares of Mondelez International in a research note on Friday, February 1st. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Mondelez International in a research note on Monday, January 28th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $47.27.
Shares of MDLZ opened at $46.90 on Friday. The stock has a market capitalization of $67.07 billion, a PE ratio of 19.30, a P/E/G ratio of 2.45 and a beta of 0.89. Mondelez International Inc has a fifty-two week low of $37.42 and a fifty-two week high of $46.91. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.30 and a current ratio of 0.45.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Wednesday, January 30th. The company reported $0.63 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.63. The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.77 billion. Mondelez International had a net margin of 12.64% and a return on equity of 14.03%. The company’s revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.57 earnings per share. Equities research analysts anticipate that Mondelez International Inc will post 2.48 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 29th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Thursday, March 28th. Mondelez International’s payout ratio is presently 42.80%.
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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