HM Payson & Co. Has $8.59 Million Holdings in Mondelez International Inc (NASDAQ:MDLZ)

HM Payson & Co. lessened its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 156,011 shares of the company’s stock after selling 5,189 shares during the quarter. HM Payson & Co.’s holdings in Mondelez International were worth $8,593,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of MDLZ. Brinker Capital Inc. raised its position in shares of Mondelez International by 1.4% during the 4th quarter. Brinker Capital Inc. now owns 299,113 shares of the company’s stock valued at $16,480,000 after acquiring an additional 4,103 shares during the last quarter. Cidel Asset Management Inc. boosted its position in shares of Mondelez International by 66.4% in the 4th quarter. Cidel Asset Management Inc. now owns 22,331 shares of the company’s stock worth $1,230,000 after purchasing an additional 8,908 shares during the last quarter. Profund Advisors LLC increased its holdings in Mondelez International by 10.9% in the fourth quarter. Profund Advisors LLC now owns 122,474 shares of the company’s stock valued at $6,746,000 after purchasing an additional 12,032 shares during the last quarter. Intact Investment Management Inc. lifted its stake in Mondelez International by 78.5% in the fourth quarter. Intact Investment Management Inc. now owns 83,200 shares of the company’s stock valued at $4,582,000 after buying an additional 36,600 shares during the period. Finally, Bronson Point Management LLC boosted its holdings in Mondelez International by 316.7% during the fourth quarter. Bronson Point Management LLC now owns 125,000 shares of the company’s stock worth $6,885,000 after buying an additional 95,000 shares during the last quarter. 78.61% of the stock is currently owned by institutional investors.

NASDAQ MDLZ traded up $1.35 on Thursday, hitting $47.46. 1,916,013 shares of the company’s stock were exchanged, compared to its average volume of 13,755,976. The stock has a 50-day moving average of $54.44 and a 200-day moving average of $54.24. The stock has a market cap of $66.86 billion, a price-to-earnings ratio of 17.84, a P/E/G ratio of 2.53 and a beta of 0.76. Mondelez International Inc has a 52 week low of $41.19 and a 52 week high of $59.96. The company has a current ratio of 0.50, a quick ratio of 0.33 and a debt-to-equity ratio of 0.53.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. Mondelez International had a return on equity of 13.56% and a net margin of 14.96%. The company had revenue of $6.91 billion for the quarter, compared to analyst estimates of $6.84 billion. During the same quarter last year, the company posted $0.63 EPS. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, analysts predict that Mondelez International Inc will post 2.63 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st will be paid a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Monday, March 30th. Mondelez International’s payout ratio is 46.15%.

In other Mondelez International news, Director Peter W. May sold 1,177,012 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $57.67, for a total transaction of $67,878,282.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.50% of the company’s stock.

A number of brokerages have recently commented on MDLZ. BidaskClub raised Mondelez International from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Wells Fargo & Co lifted their price objective on shares of Mondelez International from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th. Buckingham Research boosted their price objective on shares of Mondelez International from $62.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Evercore ISI reiterated a “buy” rating and issued a $62.00 target price on shares of Mondelez International in a report on Monday, January 27th. Finally, Jefferies Financial Group began coverage on shares of Mondelez International in a research report on Wednesday, January 22nd. They set a “buy” rating and a $65.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $61.07.

Mondelez International Company Profile

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; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.

Read More: Cost of Capital Explained

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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