Bard Financial Services Inc. Makes New $2.18 Million Investment in Mondelez International, Inc. (NASDAQ:MDLZ)


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Bard Financial Services Inc. purchased a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 37,295 shares of the company’s stock, valued at approximately $2,181,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Navis Wealth Advisors LLC bought a new stake in shares of Mondelez International during the 4th quarter valued at about $26,000. Hoover Financial Advisors Inc. bought a new stake in Mondelez International in the 4th quarter worth approximately $29,000. NuWave Investment Management LLC lifted its position in Mondelez International by 73.3% in the 4th quarter. NuWave Investment Management LLC now owns 572 shares of the company’s stock worth $33,000 after buying an additional 242 shares during the last quarter. McCarthy Asset Management Inc. bought a new stake in Mondelez International in the 4th quarter worth approximately $33,000. Finally, Selective Wealth Management Inc. lifted its position in Mondelez International by 496.0% in the 4th quarter. Selective Wealth Management Inc. now owns 596 shares of the company’s stock worth $35,000 after buying an additional 496 shares during the last quarter. Hedge funds and other institutional investors own 75.06% of the company’s stock.

MDLZ has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on Mondelez International from $64.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, January 22nd. Credit Suisse Group raised their price objective on Mondelez International from $64.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, January 29th. Finally, Jefferies Financial Group raised their price objective on Mondelez International from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, January 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $63.79.

MDLZ stock opened at $59.19 on Thursday. The company has a market cap of $83.58 billion, a P/E ratio of 27.15, a price-to-earnings-growth ratio of 2.91 and a beta of 0.61. Mondelez International, Inc. has a 1 year low of $48.77 and a 1 year high of $60.23. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.74 and a quick ratio of 0.52. The stock’s fifty day moving average price is $56.55 and its 200-day moving average price is $56.84.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Thursday, January 28th. The company reported $0.67 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.67. The firm had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.15 billion. Mondelez International had a return on equity of 13.92% and a net margin of 11.99%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the business posted $0.61 EPS. As a group, analysts expect that Mondelez International, Inc. will post 2.6 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 14th. Stockholders of record on Wednesday, March 31st will be paid a $0.315 dividend. The ex-dividend date of this dividend is Tuesday, March 30th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.13%. Mondelez International’s dividend payout ratio (DPR) is currently 51.01%.

In related news, EVP Robin S. Hargrove sold 26,628 shares of Mondelez International stock in a transaction on Friday, February 19th. The stock was sold at an average price of $54.43, for a total transaction of $1,449,362.04. Following the transaction, the executive vice president now directly owns 85,611 shares in the company, valued at $4,659,806.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter W. May sold 184,127 shares of Mondelez International stock in a transaction on Thursday, February 11th. The shares were sold at an average price of $55.51, for a total value of $10,220,889.77. Following the transaction, the director now owns 12,866 shares in the company, valued at $714,191.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,258,915 shares of company stock worth $125,594,725. Company insiders own 1.30% of the company’s stock.

Mondelez International Profile

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.

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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