Valeo Financial Advisors LLC lowered its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 6.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 24,682 shares of the company’s stock after selling 1,683 shares during the period. Valeo Financial Advisors LLC’s holdings in Mondelez International were worth $1,056,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MDLZ. Amundi Pioneer Asset Management Inc. lifted its holdings in Mondelez International by 348.9% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 4,044,516 shares of the company’s stock worth $164,450,000 after buying an additional 3,143,550 shares during the period. Lindsell Train Ltd lifted its stake in shares of Mondelez International by 18.3% in the 3rd quarter. Lindsell Train Ltd now owns 19,950,710 shares of the company’s stock valued at $811,196,000 after purchasing an additional 3,086,000 shares during the period. Eaton Vance Management lifted its stake in shares of Mondelez International by 98.7% in the 2nd quarter. Eaton Vance Management now owns 5,038,277 shares of the company’s stock valued at $217,603,000 after purchasing an additional 2,502,668 shares during the period. Northern Trust Corp lifted its stake in shares of Mondelez International by 7.3% in the 2nd quarter. Northern Trust Corp now owns 21,688,257 shares of the company’s stock valued at $936,717,000 after purchasing an additional 1,470,112 shares during the period. Finally, First Manhattan Co. lifted its stake in shares of Mondelez International by 164.3% in the 4th quarter. First Manhattan Co. now owns 2,246,429 shares of the company’s stock valued at $96,147,000 after purchasing an additional 1,396,538 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.
A number of research analysts have recently commented on the company. TheStreet upgraded Mondelez International from a “c+” rating to a “b” rating in a research note on Thursday, December 21st. Zacks Investment Research upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Friday, January 12th. Piper Jaffray Companies restated a “buy” rating and issued a $52.00 target price on shares of Mondelez International in a research note on Thursday, February 1st. Buckingham Research lowered their target price on Mondelez International from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, October 31st. Finally, Susquehanna Bancshares restated a “hold” rating and issued a $48.00 target price on shares of Mondelez International in a research note on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $50.69.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Wednesday, January 31st. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.01. The business had revenue of $6.97 billion during the quarter, compared to analysts’ expectations of $6.98 billion. Mondelez International had a return on equity of 12.72% and a net margin of 11.28%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 earnings per share. equities research analysts forecast that Mondelez International Inc will post 2.47 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, March 29th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Wednesday, March 28th. Mondelez International’s payout ratio is 46.07%.
Mondelez International declared that its Board of Directors has initiated a share buyback plan on Wednesday, January 31st that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.
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Mondelez International Company 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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