FormulaFolio Investments LLC bought a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,882 shares of the company’s stock, valued at approximately $636,000.
A number of other hedge funds have also made changes to their positions in the business. Hoover Financial Advisors Inc. bought a new position in shares of Mondelez International in the fourth quarter worth approximately $29,000. NuWave Investment Management LLC boosted its position in shares of Mondelez International by 73.3% in the fourth quarter. NuWave Investment Management LLC now owns 572 shares of the company’s stock worth $33,000 after purchasing an additional 242 shares during the period. McCarthy Asset Management Inc. bought a new position in shares of Mondelez International in the fourth quarter worth approximately $33,000. Selective Wealth Management Inc. boosted its position in shares of Mondelez International by 496.0% in the fourth quarter. Selective Wealth Management Inc. now owns 596 shares of the company’s stock worth $35,000 after purchasing an additional 496 shares during the period. Finally, Syverson Strege & Co bought a new position in shares of Mondelez International in the fourth quarter worth approximately $36,000. 75.06% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently weighed in on MDLZ shares. Credit Suisse Group upped their target price on shares of Mondelez International from $64.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, January 29th. Jefferies Financial Group upped their price target on shares of Mondelez International from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, January 12th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Mondelez International from $64.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, January 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the company’s stock. Mondelez International currently has a consensus rating of “Buy” and a consensus target price of $63.79.
Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Thursday, January 28th. The company reported $0.67 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.67. Mondelez International had a net margin of 11.99% and a return on equity of 13.92%. The company had revenue of $7.30 billion for the quarter, compared to analysts’ expectations of $7.15 billion. During the same period in the prior year, the business earned $0.61 EPS. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. Sell-side analysts forecast that Mondelez International, Inc. will post 2.6 EPS for the current fiscal 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 issued a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Tuesday, March 30th. Mondelez International’s dividend payout ratio is currently 51.01%.
In other news, EVP Robin S. Hargrove sold 26,628 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 85,611 shares in the company, valued at approximately $4,659,806.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter W. May sold 1,009,875 shares of the firm’s stock in a transaction dated Tuesday, February 9th. The shares were sold at an average price of $55.65, for a total transaction of $56,199,543.75. 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 90 days. Company insiders own 1.30% of the company’s stock.
Mondelez International Company 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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