Bourgeon Capital Management LLC lowered its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 18.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,000 shares of the company’s stock after selling 3,000 shares during the period. Bourgeon Capital Management LLC’s holdings in Mondelez International were worth $556,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds 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 3rd quarter valued at about $113,000. Cerebellum GP LLC acquired a new position in Mondelez International in the 4th quarter valued at about $127,000. Acrospire Investment Management LLC increased its position 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 valued at $134,000 after acquiring an additional 2,900 shares during the period. Rockefeller Financial Services Inc. increased its position in Mondelez International by 300.0% in the 3rd 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 increased its position in Mondelez International by 232.4% in the 3rd 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 76.11% of the company’s stock.
In other news, Director Lewis W. K. Booth purchased 1,500 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were acquired at an average price of $41.29 per share, with a total value of $61,935.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 3.60% of the stock is owned by insiders.
Shares of Mondelez International Inc (NASDAQ MDLZ) opened at $43.94 on Tuesday. The firm has a market capitalization of $65,660.00, a P/E ratio of 23.01, a price-to-earnings-growth ratio of 1.61 and a beta of 0.92. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.31. Mondelez International Inc has a twelve month low of $39.19 and a twelve month high of $47.23.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Wednesday, January 31st. The company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.01. The business had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.98 billion. Mondelez International had a return on equity of 12.72% and a net margin of 11.28%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.47 EPS. equities research analysts forecast that Mondelez International Inc will post 2.46 earnings per share for the current fiscal year.
Mondelez International announced that its board has initiated a share repurchase plan on Wednesday, January 31st that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.
The company also recently declared a quarterly dividend, which was paid on Thursday, January 11th. Stockholders of record on Friday, December 29th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Thursday, December 28th. Mondelez International’s dividend payout ratio (DPR) is 46.07%.
Several brokerages recently issued reports on MDLZ. BidaskClub upgraded Mondelez International from a “strong sell” rating to a “sell” rating in a research report on Monday. Zacks Investment Research upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Monday. Barclays restated a “buy” rating and issued a $50.00 price target on shares of Mondelez International in a research report on Friday. Societe Generale upgraded Mondelez International from a “hold” rating to a “buy” rating and boosted their price target for the company from $45.00 to $55.00 in a research report on Friday. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $52.00 price target on shares of Mondelez International in a research report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $50.82.
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About Mondelez International
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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