Amica Mutual Insurance Co. cut its position in Mondelez International Inc (NASDAQ:MDLZ) by 34.1% during the fourth quarter, Holdings Channel reports. The firm owned 62,309 shares of the company’s stock after selling 32,212 shares during the quarter. Amica Mutual Insurance Co.’s holdings in Mondelez International were worth $2,667,000 as of its most recent SEC filing.
Several other large 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 2nd quarter valued at approximately $441,000. Synovus Financial Corp increased its position in shares of Mondelez International by 3.2% in the 2nd quarter. Synovus Financial Corp now owns 198,463 shares of the company’s stock valued at $8,566,000 after purchasing an additional 6,233 shares during the last quarter. Blue Rock Advisors LLC increased its position in shares of Mondelez International by 350.0% in the 2nd quarter. Blue Rock Advisors LLC now owns 45,000 shares of the company’s stock valued at $1,944,000 after purchasing an additional 35,000 shares during the last quarter. AGF Investments America Inc. increased its position in shares of Mondelez International by 3.6% in the 2nd quarter. AGF Investments America Inc. now owns 47,293 shares of the company’s stock valued at $2,043,000 after purchasing an additional 1,653 shares during the last quarter. Finally, Fiduciary Trust Co. increased its position in shares of Mondelez International by 1.2% in the 2nd quarter. Fiduciary Trust Co. now owns 55,046 shares of the company’s stock valued at $2,377,000 after purchasing an additional 650 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors.
A number of equities research analysts have commented on MDLZ shares. BidaskClub downgraded shares of Mondelez International from a “sell” rating to a “strong sell” rating in a research report on Friday, January 5th. Credit Suisse Group increased their price objective on shares of Mondelez International from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. JPMorgan Chase & Co. increased their price objective on shares of Mondelez International from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday, November 1st. Zacks Investment Research raised shares of Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Friday, January 12th. Finally, Piper Jaffray Companies set a $50.00 price objective on shares of Mondelez International and gave the company a “buy” rating in a research report on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $50.69.
Mondelez International Inc (NASDAQ:MDLZ) opened at $43.76 on Wednesday. Mondelez International Inc has a twelve month low of $39.19 and a twelve month high of $47.23. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.31. The stock has a market cap of $65,090.00, a price-to-earnings ratio of 22.91, a PEG ratio of 1.49 and a beta of 0.92.
Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Wednesday, January 31st. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $6.98 billion. During the same quarter in the prior year, the business posted $0.47 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. sell-side analysts expect that Mondelez International Inc will post 2.47 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Wednesday, March 28th. Mondelez International’s payout ratio is 46.07%.
Mondelez International announced that its Board of Directors has authorized a share buyback program on Wednesday, January 31st that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.
In other Mondelez International news, Director Charles E. Bunch purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was purchased at an average price of $43.90 per share, for a total transaction of $87,800.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 3.60% of the stock is owned by corporate insiders.
TRADEMARK VIOLATION WARNING: “Amica Mutual Insurance Co. Sells 32,212 Shares of Mondelez International Inc (MDLZ)” was first reported by Stock Observer and is the property of of Stock Observer. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The original version of this piece can be accessed at https://www.thestockobserver.com/2018/02/21/amica-mutual-insurance-co-sells-32212-shares-of-mondelez-international-inc-mdlz.html.
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.
Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International Inc (NASDAQ:MDLZ).
Receive News & Ratings for Mondelez International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International and related companies with MarketBeat.com's FREE daily email newsletter.