Fluent Financial LLC bought a new stake in Mondelez International Inc (NASDAQ:MDLZ) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 28,966 shares of the company’s stock, valued at approximately $1,595,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in Mondelez International by 3.4% in the 2nd quarter. BlackRock Inc. now owns 92,978,464 shares of the company’s stock valued at $5,011,539,000 after purchasing an additional 3,027,963 shares in the last quarter. State Street Corp boosted its position in Mondelez International by 3.4% during the third quarter. State Street Corp now owns 67,155,778 shares of the company’s stock worth $3,734,164,000 after acquiring an additional 2,221,137 shares during the last quarter. Nuveen Asset Management LLC boosted its position in Mondelez International by 2,667.6% during the second quarter. Nuveen Asset Management LLC now owns 15,338,381 shares of the company’s stock worth $826,739,000 after acquiring an additional 14,784,178 shares during the last quarter. Morgan Stanley grew its stake in Mondelez International by 3.9% during the 2nd quarter. Morgan Stanley now owns 10,207,109 shares of the company’s stock valued at $550,164,000 after acquiring an additional 387,395 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its stake in Mondelez International by 0.9% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 9,108,506 shares of the company’s stock valued at $490,948,000 after acquiring an additional 85,232 shares in the last quarter. Institutional investors and hedge funds own 76.20% of the company’s stock.
A number of research analysts have weighed in on the stock. Berenberg Bank set a $56.00 target price on shares of Mondelez International and gave the stock a “hold” rating in a research note on Monday, November 4th. Bank of America restated a “buy” rating and set a $61.00 target price on shares of Mondelez International in a report on Thursday, October 31st. Deutsche Bank began coverage on Mondelez International in a research report on Wednesday, December 11th. They issued a “hold” rating and a $57.00 price target for the company. BidaskClub cut Mondelez International from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Royal Bank of Canada started coverage on Mondelez International in a research report on Wednesday, October 16th. They set an “outperform” rating and a $66.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. Mondelez International has a consensus rating of “Buy” and a consensus price target of $60.00.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.04. The business had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Mondelez International had a return on equity of 13.93% and a net margin of 15.42%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.62 EPS. As a group, sell-side analysts anticipate that Mondelez International Inc will post 2.47 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend was Monday, December 30th. Mondelez International’s dividend payout ratio (DPR) is 46.91%.
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; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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