RNC Capital Management LLC Has $336,000 Stake in Mondelez International Inc (MDLZ)
RNC Capital Management LLC lifted its position in Mondelez International Inc (NASDAQ:MDLZ) by 18.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,861 shares of the company’s stock after acquiring an additional 1,204 shares during the period. RNC Capital Management LLC’s holdings in Mondelez International were worth $336,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Bank of Nova Scotia Trust Co. purchased a new position in shares of Mondelez International in the third quarter worth approximately $113,000. Acrospire Investment Management LLC increased its position in shares of Mondelez International by 1,450.0% in the second quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock worth $134,000 after acquiring an additional 2,900 shares in the last quarter. Chicago Partners Investment Group LLC increased its position in shares of Mondelez International by 2,056.3% in the second quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock worth $157,000 after acquiring an additional 3,434 shares in the last quarter. Rockefeller Financial Services Inc. increased its position in shares of Mondelez International by 300.0% in the third quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock worth $163,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Tortoise Investment Management LLC increased its position in shares of Mondelez International by 232.4% in the third quarter. Tortoise Investment Management LLC now owns 4,291 shares of the company’s stock worth $174,000 after acquiring an additional 3,000 shares in the last quarter. 75.82% of the stock is currently owned by institutional investors and hedge funds.
Shares of Mondelez International Inc (NASDAQ MDLZ) opened at $42.99 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.51 and a quick ratio of 0.34. The company has a market cap of $64,240.00, a P/E ratio of 29.85, a price-to-earnings-growth ratio of 1.58 and a beta of 0.97. Mondelez International Inc has a 1 year low of $39.19 and a 1 year high of $47.23.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Monday, October 30th. The company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The company had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.45 billion. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 earnings per share. sell-side analysts predict that Mondelez International Inc will post 2.14 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 11th. Shareholders of record on Friday, December 29th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Thursday, December 28th. Mondelez International’s dividend payout ratio is 61.11%.
In other Mondelez International news, Director Lewis W. K. Booth bought 1,500 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was bought at an average cost of $41.29 per share, with a total value of $61,935.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.60% of the company’s stock.
Several research analysts have recently weighed in on MDLZ shares. TheStreet raised shares of Mondelez International from a “c+” rating to a “b” rating in a research report on Thursday, December 21st. BMO Capital Markets reaffirmed a “buy” rating and set a $48.00 price objective on shares of Mondelez International in a research report on Thursday, November 2nd. UBS Group reaffirmed a “buy” rating and set a $49.00 price objective on shares of Mondelez International in a research report on Friday, October 13th. Zacks Investment Research raised shares of Mondelez International from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research report on Tuesday, October 3rd. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $53.00 price objective on shares of Mondelez International in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $49.43.
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Mondelez International Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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