Encompass Wealth Advisors LLC acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,479 shares of the company’s stock, valued at approximately $86,000.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Equitable Holdings Inc. boosted its position in shares of Mondelez International by 2.4% during the fourth quarter. Equitable Holdings Inc. now owns 7,714 shares of the company’s stock worth $451,000 after buying an additional 179 shares during the period. Founders Financial Alliance LLC lifted its position in Mondelez International by 4.8% in the fourth quarter. Founders Financial Alliance LLC now owns 3,939 shares of the company’s stock worth $232,000 after purchasing an additional 180 shares during the period. Kanawha Capital Management LLC lifted its position in Mondelez International by 1.7% in the fourth quarter. Kanawha Capital Management LLC now owns 10,957 shares of the company’s stock worth $641,000 after purchasing an additional 184 shares during the period. Signaturefd LLC lifted its position in Mondelez International by 1.0% in the fourth quarter. Signaturefd LLC now owns 18,976 shares of the company’s stock worth $1,110,000 after purchasing an additional 184 shares during the period. Finally, San Francisco Sentry Investment Group CA raised its stake in Mondelez International by 6.9% during the 4th quarter. San Francisco Sentry Investment Group CA now owns 2,912 shares of the company’s stock valued at $170,000 after purchasing an additional 188 shares during the period. Institutional investors and hedge funds own 75.06% of the company’s stock.
NASDAQ MDLZ opened at $59.19 on Thursday. Mondelez International, Inc. has a 1-year low of $48.77 and a 1-year high of $60.23. The company has a current ratio of 0.74, a quick ratio of 0.52 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $83.58 billion, a PE ratio of 27.15, a price-to-earnings-growth ratio of 2.91 and a beta of 0.61. The firm’s fifty day simple moving average is $56.55 and its 200-day simple moving average is $56.84.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Thursday, January 28th. The company reported $0.67 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.67. Mondelez International had a net margin of 11.99% and a return on equity of 13.92%. The business had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.15 billion. During the same period in the prior year, the business posted $0.61 earnings per share. Mondelez International’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, analysts predict that Mondelez International, Inc. will post 2.6 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 14th. Shareholders of record on Wednesday, March 31st will be given a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 2.13%. The ex-dividend date is Tuesday, March 30th. Mondelez International’s payout ratio is 51.01%.
In other Mondelez International news, Director Peter W. May sold 1,009,875 shares of the stock in a transaction on Tuesday, February 9th. The shares were sold at an average price of $55.65, for a total transaction of $56,199,543.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Robin S. Hargrove sold 26,628 shares of the stock in a transaction on Friday, February 19th. The stock was sold at an average price of $54.43, for a total transaction of $1,449,362.04. Following the transaction, the executive vice president now directly owns 85,611 shares in the company, valued at $4,659,806.73. The disclosure for this sale can be found here. Insiders have sold 2,258,915 shares of company stock worth $125,594,725 over the last three months. Company insiders own 1.30% of the company’s stock.
Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Mondelez International from $64.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, January 22nd. Jefferies Financial Group boosted their target price on shares of Mondelez International from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, January 12th. Finally, Credit Suisse Group boosted their target price on shares of Mondelez International from $64.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, January 29th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $63.79.
Mondelez International Profile
Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.
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