Bard Financial Services Inc. purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 37,295 shares of the company’s stock, valued at approximately $2,181,000.
A number of other hedge funds have also recently modified their holdings of the business. FMR LLC lifted its stake in Mondelez International by 6.3% during the fourth quarter. FMR LLC now owns 18,984,974 shares of the company’s stock worth $1,110,051,000 after purchasing an additional 1,123,110 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Mondelez International by 5.1% in the 4th quarter. Bank of New York Mellon Corp now owns 16,170,770 shares of the company’s stock valued at $945,504,000 after acquiring an additional 788,873 shares during the last quarter. Norges Bank bought a new stake in shares of Mondelez International in the 4th quarter valued at about $850,633,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Mondelez International by 4.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,419,696 shares of the company’s stock valued at $843,081,000 after acquiring an additional 624,707 shares during the last quarter. Finally, Morgan Stanley lifted its stake in shares of Mondelez International by 11.5% in the 4th quarter. Morgan Stanley now owns 11,970,004 shares of the company’s stock valued at $699,886,000 after acquiring an additional 1,234,383 shares during the last quarter. 75.06% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Mondelez International from $64.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, January 22nd. Credit Suisse Group boosted their target price on Mondelez International from $64.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, January 29th. Finally, Jefferies Financial Group boosted their price target on Mondelez International from $62.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, January 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $63.79.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Thursday, January 28th. The company reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67. The business had revenue of $7.30 billion for the quarter, compared to analysts’ expectations of $7.15 billion. Mondelez International had a return on equity of 13.92% and a net margin of 11.99%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 EPS. As a group, equities analysts expect that Mondelez International, Inc. will post 2.6 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 14th. Investors of record on Wednesday, March 31st will be given a $0.315 dividend. The ex-dividend date is Tuesday, March 30th. This represents a $1.26 annualized dividend and a yield of 2.13%. Mondelez International’s dividend payout ratio (DPR) is presently 51.01%.
In related news, Director Peter W. May sold 1,009,875 shares of the company’s stock in a transaction that occurred on Tuesday, February 9th. The stock was sold at an average price of $55.65, for a total value of $56,199,543.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Robin S. Hargrove sold 26,628 shares of the company’s stock in a transaction that occurred on Friday, February 19th. The shares were sold at an average price of $54.43, for a total value of $1,449,362.04. Following the completion of the transaction, the executive vice president now directly owns 85,611 shares in the company, valued at $4,659,806.73. The disclosure for this sale can be found here. Insiders sold a total of 2,258,915 shares of company stock worth $125,594,725 over the last ninety days. 1.30% of the stock is currently owned by insiders.
About Mondelez International
Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells 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.
Featured Story: Catch-Up Contributions
Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International, Inc. (NASDAQ:MDLZ).
Receive News & Ratings for Mondelez International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International and related companies with MarketBeat.com's FREE daily email newsletter.