Mondelez International Inc (MDLZ) Stake Lessened by First Mercantile Trust Co.
First Mercantile Trust Co. lessened its stake in Mondelez International Inc (NASDAQ:MDLZ) by 12.8% during the fourth quarter, HoldingsChannel reports. The firm owned 61,630 shares of the company’s stock after selling 9,020 shares during the period. First Mercantile Trust Co.’s holdings in Mondelez International were worth $2,638,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Mondelez International by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 98,799,909 shares of the company’s stock valued at $4,267,168,000 after purchasing an additional 1,168,269 shares in the last quarter. Northern Trust Corp raised its stake in shares of Mondelez International by 7.3% in the 2nd quarter. Northern Trust Corp now owns 21,688,257 shares of the company’s stock valued at $936,717,000 after purchasing an additional 1,470,112 shares in the last quarter. Lindsell Train Ltd raised its stake in shares of Mondelez International by 18.3% in the 3rd quarter. Lindsell Train Ltd now owns 19,950,710 shares of the company’s stock valued at $811,196,000 after purchasing an additional 3,086,000 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of Mondelez International by 1.0% in the 3rd quarter. Macquarie Group Ltd. now owns 16,975,186 shares of the company’s stock valued at $690,211,000 after purchasing an additional 175,487 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Mondelez International by 0.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 16,967,667 shares of the company’s stock valued at $689,906,000 after purchasing an additional 47,563 shares in the last quarter. Institutional investors and hedge funds own 76.11% of the company’s stock.
In other news, Director Lewis W. K. Booth purchased 1,500 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were bought at an average price of $41.29 per share, for a total transaction of $61,935.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.60% of the stock is currently owned by company insiders.
Shares of Mondelez International Inc (NASDAQ:MDLZ) opened at $43.94 on Tuesday. The firm has a market cap of $67,994.65, a PE ratio of 21.16, a P/E/G ratio of 1.61 and a beta of 0.92. Mondelez International Inc has a 12 month low of $39.19 and a 12 month high of $47.23. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.31 and a current ratio of 0.48.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Wednesday, January 31st. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.56 by $0.01. Mondelez International had a net margin of 11.28% and a return on equity of 12.72%. The company had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.98 billion. During the same quarter last year, the business earned $0.47 earnings per share. Mondelez International’s revenue was up 2.9% compared to the same quarter last year. analysts expect that Mondelez International Inc will post 2.46 EPS for the current year.
Mondelez International announced that its Board of Directors has approved a stock repurchase plan on Wednesday, January 31st that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
The company also recently declared a quarterly dividend, which was paid on Thursday, January 11th. Shareholders of record on Friday, December 29th were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.88 annualized dividend and a dividend yield of 2.00%. Mondelez International’s payout ratio is currently 46.07%.
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About Mondelez International
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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