Capital Innovations LLC Has $559,000 Position in Mondelez International Inc (MDLZ)
Capital Innovations LLC reduced its position in Mondelez International Inc (NASDAQ:MDLZ) by 11.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 13,064 shares of the company’s stock after selling 1,655 shares during the quarter. Capital Innovations LLC’s holdings in Mondelez International were worth $559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of MDLZ. Beach Investment Management LLC. acquired a new position in Mondelez International during the second quarter worth $441,000. Great Lakes Advisors LLC raised its position in Mondelez International by 0.8% during the second quarter. Great Lakes Advisors LLC now owns 734,395 shares of the company’s stock worth $31,718,000 after acquiring an additional 5,782 shares during the period. GHP Investment Advisors Inc. raised its position in Mondelez International by 3.8% during the second quarter. GHP Investment Advisors Inc. now owns 6,115 shares of the company’s stock worth $264,000 after acquiring an additional 223 shares during the period. Intrust Bank NA raised its position in Mondelez International by 1.4% during the second quarter. Intrust Bank NA now owns 20,464 shares of the company’s stock worth $884,000 after acquiring an additional 281 shares during the period. Finally, Canandaigua National Bank & Trust Co. raised its position in Mondelez International by 9.1% during the second quarter. Canandaigua National Bank & Trust Co. now owns 27,777 shares of the company’s stock worth $1,200,000 after acquiring an additional 2,308 shares during the period. Hedge funds and other institutional investors own 76.11% of the company’s stock.
Shares of Mondelez International Inc (NASDAQ MDLZ) opened at $42.14 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.31. Mondelez International Inc has a 1-year low of $39.19 and a 1-year high of $47.23. The stock has a market cap of $62,760.00, a PE ratio of 22.06, a P/E/G ratio of 1.43 and a beta of 0.92.
Mondelez International announced that its Board of Directors has initiated a share buyback plan on Wednesday, January 31st that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Wednesday, March 28th. Mondelez International’s dividend payout ratio is currently 46.07%.
A number of equities analysts have weighed in on MDLZ shares. BMO Capital Markets restated a “buy” rating and set a $48.00 price objective on shares of Mondelez International in a research report on Thursday, November 2nd. BidaskClub cut shares of Mondelez International from a “sell” rating to a “strong sell” rating in a research report on Friday, January 5th. Buckingham Research reduced their price objective on shares of Mondelez International from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, October 31st. JPMorgan Chase & Co. upped their price objective on shares of Mondelez International from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. Finally, Credit Suisse Group upped their target price on shares of Mondelez International from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Mondelez International has an average rating of “Buy” and a consensus target price of $50.69.
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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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