ZWJ Investment Counsel Inc. boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 674,877 shares of the company's stock after buying an additional 16,168 shares during the period. Mondelez International makes up about 1.7% of ZWJ Investment Counsel Inc.'s portfolio, making the stock its 23rd largest position. ZWJ Investment Counsel Inc. owned approximately 0.05% of Mondelez International worth $40,310,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. AE Wealth Management LLC boosted its holdings in Mondelez International by 7.3% during the 2nd quarter. AE Wealth Management LLC now owns 40,074 shares of the company's stock worth $2,623,000 after acquiring an additional 2,718 shares during the last quarter. Pacer Advisors Inc. grew its position in Mondelez International by 14.1% in the 2nd quarter. Pacer Advisors Inc. now owns 229,557 shares of the company's stock worth $15,022,000 after purchasing an additional 28,287 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Mondelez International by 91.3% in the 2nd quarter. Thrivent Financial for Lutherans now owns 174,467 shares of the company's stock valued at $11,416,000 after buying an additional 83,280 shares during the last quarter. Frank Rimerman Advisors LLC lifted its position in shares of Mondelez International by 37,429.5% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 22,893 shares of the company's stock worth $1,498,000 after buying an additional 22,832 shares in the last quarter. Finally, Epoch Investment Partners Inc. boosted its stake in shares of Mondelez International by 8.7% in the 2nd quarter. Epoch Investment Partners Inc. now owns 689,903 shares of the company's stock worth $45,147,000 after buying an additional 55,013 shares during the last quarter. 78.32% of the stock is owned by institutional investors.
Mondelez International Trading Down 0.4 %
Shares of Mondelez International stock traded down $0.26 during midday trading on Tuesday, reaching $57.60. 11,335,041 shares of the company's stock traded hands, compared to its average volume of 10,388,897. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The stock has a 50 day moving average of $61.43 and a 200-day moving average of $67.20. The company has a market cap of $77.02 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54. Mondelez International, Inc. has a 12 month low of $55.97 and a 12 month high of $77.20.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. During the same period in the prior year, the firm earned $0.82 EPS. The company's revenue was up 1.9% compared to the same quarter last year. As a group, equities analysts expect that Mondelez International, Inc. will post 3.47 EPS for the current fiscal year.
Mondelez International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.26%. Mondelez International's dividend payout ratio (DPR) is presently 66.67%.
Mondelez International declared that its Board of Directors has authorized a share buyback program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board believes its shares are undervalued.
Analyst Ratings Changes
Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Mondelez International from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $78.00 to $67.00 in a research report on Thursday, December 12th. The Goldman Sachs Group decreased their target price on Mondelez International from $79.00 to $68.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Redburn Atlantic started coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a "buy" rating and a $82.00 target price on the stock. Stifel Nicolaus increased their price target on Mondelez International from $75.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Finally, Jefferies Financial Group downgraded shares of Mondelez International from a "buy" rating to a "hold" rating and dropped their price objective for the company from $75.00 to $62.00 in a report on Tuesday. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $74.13.
Check Out Our Latest Research Report 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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