Mondelez International Inc (MDLZ) Position Raised by Integrated Investment Consultants LLC
Integrated Investment Consultants LLC increased its stake in Mondelez International Inc (NASDAQ:MDLZ) by 5.5% in the 4th quarter, HoldingsChannel reports. The fund owned 6,662 shares of the company’s stock after acquiring an additional 350 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Mondelez International were worth $267,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of MDLZ. Exane Derivatives acquired a new position in shares of Mondelez International during the 4th quarter valued at about $33,000. Northwest Wealth Management LLC boosted its position in shares of Mondelez International by 355.4% during the 4th quarter. Northwest Wealth Management LLC now owns 838 shares of the company’s stock valued at $34,000 after acquiring an additional 654 shares during the last quarter. Signet Investment Advisory Group Inc. acquired a new position in shares of Mondelez International during the 4th quarter valued at about $38,000. Baldwin Brothers Inc. MA lifted its position in Mondelez International by 398.4% in the fourth quarter. Baldwin Brothers Inc. MA now owns 1,261 shares of the company’s stock valued at $50,000 after buying an additional 1,008 shares during the last quarter. Finally, Evolution Wealth Advisors LLC acquired a new position in Mondelez International in the fourth quarter valued at about $51,000. 75.80% of the stock is owned by institutional investors.
MDLZ has been the topic of several research reports. Piper Jaffray Companies set a $48.00 price target on shares of Mondelez International and gave the stock a “buy” rating in a research report on Tuesday, October 30th. BidaskClub raised shares of Mondelez International from a “hold” rating to a “buy” rating in a research report on Thursday, November 22nd. Zacks Investment Research cut shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Guggenheim initiated coverage on shares of Mondelez International in a research report on Tuesday, January 22nd. They set a “buy” rating and a $47.00 price target on the stock. Finally, Berenberg Bank cut shares of Mondelez International from a “buy” rating to a “hold” rating and set a $43.00 price target on the stock. in a research report on Thursday, January 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Mondelez International has a consensus rating of “Buy” and a consensus target price of $47.27.
MDLZ stock opened at $47.45 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.30 and a current ratio of 0.45. Mondelez International Inc has a fifty-two week low of $37.42 and a fifty-two week high of $47.51. The company has a market cap of $68.18 billion, a P/E ratio of 19.53, a PEG ratio of 2.49 and a beta of 0.89.
Mondelez International (NASDAQ:MDLZ) last released its earnings results on Wednesday, January 30th. The company reported $0.63 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.63. Mondelez International had a net margin of 12.64% and a return on equity of 14.03%. The firm had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.77 billion. During the same period in the prior year, the firm earned $0.57 earnings per share. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. Analysts anticipate that Mondelez International Inc will post 2.48 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 29th will be paid a dividend of $0.26 per share. The ex-dividend date is Thursday, March 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.19%. Mondelez International’s payout ratio is 42.80%.
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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; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.
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