Franklin Street Advisors Inc. NC Has $7.89 Million Holdings in Mondelez International Inc (MDLZ)
Franklin Street Advisors Inc. NC boosted its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 10.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 184,448 shares of the company’s stock after buying an additional 17,205 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in Mondelez International were worth $7,894,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of MDLZ. Bessemer Group Inc. increased its position in Mondelez International by 8,492.9% during the second quarter. Bessemer Group Inc. now owns 4,136,467 shares of the company’s stock worth $178,655,000 after buying an additional 4,088,329 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its position in shares of Mondelez International by 348.9% in the third quarter. Amundi Pioneer Asset Management Inc. now owns 4,044,516 shares of the company’s stock valued at $164,450,000 after purchasing an additional 3,143,550 shares during the last quarter. Lindsell Train Ltd grew its position in shares of Mondelez International by 18.3% in the third 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 last quarter. Eaton Vance Management grew its position in shares of Mondelez International by 98.7% in the second 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 last quarter. Finally, Bank of Montreal Can grew its position in shares of Mondelez International by 27.2% in the second quarter. Bank of Montreal Can now owns 9,466,294 shares of the company’s stock valued at $408,850,000 after purchasing an additional 2,023,918 shares during the last quarter. 75.78% of the stock is currently owned by hedge funds and other institutional investors.
Mondelez International Inc (MDLZ) traded down $0.02 during trading hours on Wednesday, hitting $42.99. 5,805,200 shares of the stock were exchanged, compared to its average volume of 8,104,283. Mondelez International Inc has a 52 week low of $39.19 and a 52 week high of $47.23. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $63,680.00, a PE ratio of 29.85, a P/E/G ratio of 1.61 and a beta of 0.97.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The company had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the previous year, the company posted $0.52 earnings per share. Mondelez International’s quarterly revenue was up 2.1% compared to the same quarter last year. analysts anticipate that Mondelez International Inc will post 2.14 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Friday, December 29th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, December 28th. Mondelez International’s dividend payout ratio (DPR) is currently 61.11%.
Several equities research analysts have recently issued reports on MDLZ shares. Zacks Investment Research downgraded Mondelez International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. UBS Group reiterated a “buy” rating and issued a $49.00 target price on shares of Mondelez International in a research note on Friday, October 13th. Credit Suisse Group increased their target price on shares of Mondelez International from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, October 31st. JPMorgan Chase & Co. increased their target price on shares of Mondelez International from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Finally, BidaskClub upgraded shares of Mondelez International from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Mondelez International presently has a consensus rating of “Buy” and a consensus price target of $49.43.
In other news, Director Lewis W. K. Booth bought 1,500 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was bought at an average price of $41.29 per share, for a total transaction of $61,935.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.60% of the company’s stock.
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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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