Greenleaf Trust decreased its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 7.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 199,657 shares of the company’s stock after selling 15,047 shares during the quarter. Greenleaf Trust’s holdings in Mondelez International were worth $7,992,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. FDx Advisors Inc. increased its stake in Mondelez International by 35.1% during the fourth quarter. FDx Advisors Inc. now owns 86,070 shares of the company’s stock worth $3,445,000 after acquiring an additional 22,367 shares during the last quarter. Eaton Vance Management increased its stake in Mondelez International by 4.7% during the fourth quarter. Eaton Vance Management now owns 6,435,083 shares of the company’s stock worth $257,596,000 after acquiring an additional 290,692 shares during the last quarter. Synovus Financial Corp increased its stake in Mondelez International by 1.7% during the fourth quarter. Synovus Financial Corp now owns 173,693 shares of the company’s stock worth $6,955,000 after acquiring an additional 2,855 shares during the last quarter. Csenge Advisory Group increased its stake in Mondelez International by 20.4% during the fourth quarter. Csenge Advisory Group now owns 5,467 shares of the company’s stock worth $218,000 after acquiring an additional 927 shares during the last quarter. Finally, Rational Advisors LLC increased its stake in Mondelez International by 60.2% during the fourth quarter. Rational Advisors LLC now owns 4,977 shares of the company’s stock worth $199,000 after acquiring an additional 1,870 shares during the last quarter. 76.00% of the stock is owned by institutional investors.
In related news, EVP Gerhard W. Pleuhs sold 29,340 shares of the business’s stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $47.72, for a total transaction of $1,400,104.80. Following the completion of the transaction, the executive vice president now directly owns 229,700 shares of the company’s stock, valued at approximately $10,961,284. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Vinzenz P. Gruber sold 10,945 shares of the business’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $45.86, for a total value of $501,937.70. Following the transaction, the executive vice president now directly owns 139,584 shares of the company’s stock, valued at $6,401,322.24. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.
A number of brokerages have recently weighed in on MDLZ. BidaskClub raised Mondelez International from a “hold” rating to a “buy” rating in a research note on Thursday, November 22nd. ValuEngine raised Mondelez International from a “hold” rating to a “buy” rating in a research note on Tuesday, February 12th. Barclays reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Mondelez International in a research note on Friday, February 1st. Wells Fargo & Co reaffirmed a “buy” rating on shares of Mondelez International in a research note on Monday, January 28th. Finally, Guggenheim began coverage on Mondelez International in a research note on Tuesday, January 22nd. They issued a “buy” rating and a $47.00 price objective for the company. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $47.27.
Shares of NASDAQ MDLZ opened at $48.41 on Friday. Mondelez International Inc has a twelve month low of $37.42 and a twelve month high of $48.46. The company has a quick ratio of 0.30, a current ratio of 0.45 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $69.31 billion, a PE ratio of 19.75, a PEG ratio of 2.53 and a beta of 0.89.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Wednesday, January 30th. The company reported $0.63 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.63. Mondelez International had a return on equity of 14.03% and a net margin of 12.64%. The business had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.77 billion. During the same period in the previous year, the firm posted $0.57 earnings per share. The company’s revenue was down 2.8% on a year-over-year basis. As a group, research analysts anticipate that Mondelez International Inc will post 2.49 EPS for the current year.
The business 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 annualized dividend and a yield of 2.15%. Mondelez International’s payout ratio is 42.80%.
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Mondelez International 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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