Tealwood Asset Management Inc. Has $1.45 Million Holdings in Mondelez International Inc (MDLZ)
Tealwood Asset Management Inc. cut its stake in Mondelez International Inc (NASDAQ:MDLZ) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,800 shares of the company’s stock after selling 1,231 shares during the period. Tealwood Asset Management Inc.’s holdings in Mondelez International were worth $1,447,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of Nova Scotia Trust Co. acquired a new position in shares of Mondelez International during the 3rd quarter worth $113,000. Acrospire Investment Management LLC raised its holdings in shares of Mondelez International by 1,450.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock worth $134,000 after buying an additional 2,900 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of Mondelez International by 2,056.3% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock worth $157,000 after buying an additional 3,434 shares in the last quarter. Rockefeller Financial Services Inc. raised its holdings in shares of Mondelez International by 300.0% during the 3rd quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock worth $163,000 after buying an additional 3,000 shares in the last quarter. Finally, Tortoise Investment Management LLC raised its holdings in shares of Mondelez International by 232.4% during the 3rd quarter. Tortoise Investment Management LLC now owns 4,291 shares of the company’s stock worth $174,000 after buying an additional 3,000 shares in the last quarter. 75.82% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have recently commented on MDLZ. Piper Jaffray Companies set a $50.00 price target on Mondelez International and gave the stock a “buy” rating in a report on Thursday. TheStreet raised Mondelez International from a “c+” rating to a “b” rating in a report on Thursday, December 21st. BidaskClub raised Mondelez International from a “strong sell” rating to a “sell” rating in a report on Thursday, December 7th. Zacks Investment Research cut Mondelez International from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, UBS Group reissued a “buy” rating and set a $49.00 price target on shares of Mondelez International in a report on Friday, October 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $49.50.
Shares of Mondelez International Inc (NASDAQ MDLZ) traded up $0.46 during mid-day trading on Friday, reaching $44.14. The company had a trading volume of 8,893,274 shares, compared to its average volume of 8,058,584. The company has a market cap of $65,830.00, a price-to-earnings ratio of 30.65, a P/E/G ratio of 1.63 and a beta of 0.97. Mondelez International Inc has a twelve month low of $39.19 and a twelve month high of $47.23. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.51 and a quick ratio of 0.34.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Monday, October 30th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The business had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.45 billion. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. Mondelez International’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS. sell-side analysts anticipate that Mondelez International Inc will post 2.14 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Friday, December 29th were given a dividend of $0.22 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.88 dividend on an annualized basis and a yield of 1.99%. Mondelez International’s dividend payout ratio is currently 61.11%.
Mondelez International Company 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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