Mondelez International Inc (MDLZ) Position Lifted by Douglass Winthrop Advisors LLC
Douglass Winthrop Advisors LLC increased its stake in Mondelez International Inc (NASDAQ:MDLZ) by 27.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,865 shares of the company’s stock after buying an additional 5,299 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Mondelez International were worth $1,064,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Alliancebernstein L.P. increased its stake in Mondelez International by 6.3% in the 4th quarter. Alliancebernstein L.P. now owns 3,338,669 shares of the company’s stock worth $142,895,000 after buying an additional 196,559 shares during the period. Delpha Capital Management LLC purchased a new position in Mondelez International in the 4th quarter worth about $152,000. Corient Capital Partners LLC increased its stake in Mondelez International by 8.6% in the 4th quarter. Corient Capital Partners LLC now owns 20,462 shares of the company’s stock worth $875,000 after buying an additional 1,626 shares during the period. Pittenger & Anderson Inc. increased its stake in Mondelez International by 12.2% in the 4th quarter. Pittenger & Anderson Inc. now owns 46,735 shares of the company’s stock worth $2,000,000 after buying an additional 5,095 shares during the period. Finally, Geode Capital Management LLC increased its stake in Mondelez International by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 15,969,761 shares of the company’s stock worth $682,086,000 after buying an additional 293,875 shares during the period. 76.47% of the stock is currently owned by institutional investors.
In other news, EVP Hubert Weber sold 10,931 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $43.79, for a total value of $478,668.49. Following the sale, the executive vice president now directly owns 160,865 shares in the company, valued at approximately $7,044,278.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles E. Bunch purchased 2,000 shares of the stock in a transaction dated 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 disclosure for this purchase can be found here. 3.60% of the stock is currently owned by company insiders.
Mondelez International Inc (NASDAQ:MDLZ) opened at $44.42 on Friday. The company has a current ratio of 0.48, a quick ratio of 0.31 and a debt-to-equity ratio of 0.50. Mondelez International Inc has a 1-year low of $39.19 and a 1-year high of $47.23. The stock has a market cap of $66,067.11, a PE ratio of 20.66, a price-to-earnings-growth ratio of 1.50 and a beta of 0.90.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Wednesday, January 31st. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $6.98 billion. During the same period last year, the business earned $0.47 EPS. The company’s revenue was up 2.9% compared to the same quarter last year. equities analysts anticipate that Mondelez International Inc will post 2.47 earnings per share for the current year.
Mondelez International announced that its board has authorized a share repurchase plan on Wednesday, January 31st that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Wednesday, March 28th. Mondelez International’s dividend payout ratio is currently 46.07%.
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About Mondelez International
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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