Kornitzer Capital Management Inc. KS boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 24.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,796 shares of the company's stock after buying an additional 12,190 shares during the period. Kornitzer Capital Management Inc. KS's holdings in Mondelez International were worth $3,751,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Truvestments Capital LLC acquired a new stake in Mondelez International during the third quarter worth about $25,000. Prospera Private Wealth LLC acquired a new stake in Mondelez International during the third quarter worth about $27,000. Richardson Financial Services Inc. boosted its position in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company's stock worth $28,000 after buying an additional 200 shares during the period. Hager Investment Management Services LLC acquired a new stake in Mondelez International during the 4th quarter worth approximately $27,000. Finally, Highline Wealth Partners LLC acquired a new stake in Mondelez International during the 3rd quarter worth approximately $38,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.
Mondelez International Trading Up 4.1 %
Shares of NASDAQ:MDLZ traded up $2.53 during mid-day trading on Friday, hitting $64.70. The company had a trading volume of 16,289,816 shares, compared to its average volume of 11,136,414. The firm has a fifty day moving average price of $58.92 and a 200 day moving average price of $65.94. The company has a market capitalization of $83.69 billion, a PE ratio of 18.92, a price-to-earnings-growth ratio of 4.32 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. As a group, research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.
Mondelez International Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International's dividend payout ratio is 54.97%.
Mondelez International declared that its board has initiated a share buyback program on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 10.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on MDLZ shares. Deutsche Bank Aktiengesellschaft cut their target price on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating on the stock in a research report on Wednesday, January 22nd. Argus downgraded shares of Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday. Dbs Bank downgraded shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. Mizuho boosted their price target on shares of Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, February 14th. Finally, Barclays dropped their price target on shares of Mondelez International from $69.00 to $63.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $69.74.
Read Our Latest Stock Analysis on MDLZ
Mondelez International Profile
(
Free Report)
Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.
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