Childress Capital Advisors LLC bought a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 1,070 shares of the company’s stock, valued at approximately $63,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of MDLZ. Norges Bank acquired a new position in Mondelez International during the 4th quarter worth about $850,633,000. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Mondelez International by 775.4% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,519,703 shares of the company’s stock worth $88,857,000 after purchasing an additional 1,346,093 shares during the period. Morgan Stanley increased its holdings in Mondelez International by 11.5% during the 4th quarter. Morgan Stanley now owns 11,970,004 shares of the company’s stock worth $699,886,000 after purchasing an additional 1,234,383 shares during the period. FMR LLC increased its holdings in Mondelez International by 6.3% during the 4th quarter. FMR LLC now owns 18,984,974 shares of the company’s stock worth $1,110,051,000 after purchasing an additional 1,123,110 shares during the period. Finally, Scopus Asset Management L.P. increased its holdings in Mondelez International by 98.7% during the 3rd quarter. Scopus Asset Management L.P. now owns 1,637,500 shares of the company’s stock worth $94,074,000 after purchasing an additional 813,500 shares during the period. 75.06% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Peter W. May sold 982,051 shares of Mondelez International stock in a transaction on Thursday, February 18th. The stock was sold at an average price of $55.63, for a total value of $54,631,497.13. Following the completion of the sale, the director now owns 12,866 shares of the company’s stock, valued at $715,735.58. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Robin S. Hargrove sold 26,628 shares of Mondelez International stock in a transaction on Friday, February 19th. The shares were sold at an average price of $54.43, for a total value of $1,449,362.04. Following the completion of the sale, the executive vice president now directly owns 85,611 shares of the company’s stock, valued at approximately $4,659,806.73. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,258,915 shares of company stock valued at $125,594,725. Company insiders own 1.30% of the company’s stock.
A number of research firms have recently commented on MDLZ. Deutsche Bank Aktiengesellschaft increased their price objective on Mondelez International from $64.00 to $66.00 and gave the company a “buy” rating in a report on Friday, January 22nd. Jefferies Financial Group upped their target price on Mondelez International from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, January 12th. Finally, Credit Suisse Group upped their target price on Mondelez International from $64.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, January 29th. One equities 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 stock. Mondelez International currently has an average rating of “Buy” and an average price target of $63.79.
MDLZ opened at $59.19 on Thursday. Mondelez International, Inc. has a 12 month low of $48.77 and a 12 month high of $60.23. The stock has a market capitalization of $83.58 billion, a P/E ratio of 27.15, a P/E/G ratio of 2.91 and a beta of 0.61. The business has a 50 day simple moving average of $56.55 and a 200-day simple moving average of $56.84. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.74 and a quick ratio of 0.52.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Thursday, January 28th. The company reported $0.67 earnings per share for the quarter, meeting the consensus estimate of $0.67. The firm had revenue of $7.30 billion during the quarter, compared to the consensus estimate of $7.15 billion. Mondelez International had a return on equity of 13.92% and a net margin of 11.99%. Mondelez International’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the business posted $0.61 EPS. Research analysts anticipate that Mondelez International, Inc. will post 2.6 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 14th. Stockholders of record on Wednesday, March 31st will be given a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Tuesday, March 30th. Mondelez International’s dividend payout ratio is currently 51.01%.
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.
Recommended Story: What are the qualifications of a portfolio manager?
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.