Quantamental Technologies LLC acquired a new position in shares of Mondelez International Inc (NASDAQ:MDLZ) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 18,536 shares of the company’s stock, valued at approximately $742,000. Mondelez International accounts for about 0.4% of Quantamental Technologies LLC’s investment portfolio, making the stock its 7th largest holding.
Several other institutional investors also recently made changes to their positions in the stock. Northwest Wealth Management LLC increased its position in Mondelez International by 355.4% during the fourth quarter. Northwest Wealth Management LLC now owns 838 shares of the company’s stock worth $34,000 after buying an additional 654 shares during the last quarter. Baystate Wealth Management LLC grew its position in shares of Mondelez International by 70.3% in the fourth quarter. Baystate Wealth Management LLC now owns 1,252 shares of the company’s stock valued at $54,000 after purchasing an additional 517 shares during the last quarter. First Command Bank acquired a new position in shares of Mondelez International in the fourth quarter valued at approximately $55,000. First Command Financial Services Inc. acquired a new position in shares of Mondelez International in the fourth quarter valued at approximately $55,000. Finally, Highwater Wealth Management LLC acquired a new position in shares of Mondelez International in the fourth quarter valued at approximately $61,000. 76.00% of the stock is owned by institutional investors and hedge funds.
In other Mondelez International news, EVP Gerhard W. Pleuhs sold 29,340 shares of Mondelez International stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $47.72, for a total transaction of $1,400,104.80. Following the transaction, the executive vice president now owns 229,700 shares of the company’s stock, valued at approximately $10,961,284. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Vinzenz P. Gruber sold 10,945 shares of Mondelez International stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $45.86, for a total transaction of $501,937.70. Following the transaction, the executive vice president now directly owns 139,584 shares in the company, valued at approximately $6,401,322.24. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.
Shares of Mondelez International stock opened at $48.41 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.45 and a quick ratio of 0.30. Mondelez International Inc has a 1-year low of $37.42 and a 1-year high of $48.46. The stock has a market cap of $69.46 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 2.55 and a beta of 0.89.
Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Wednesday, January 30th. The company reported $0.63 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.63. The company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.77 billion. Mondelez International had a return on equity of 14.03% and a net margin of 12.64%. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period last year, the business posted $0.57 EPS. On average, sell-side analysts forecast that Mondelez International Inc will post 2.48 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 29th will be paid a $0.26 dividend. The ex-dividend date is Thursday, March 28th. This represents a $1.04 annualized dividend and a dividend yield of 2.15%. Mondelez International’s dividend payout ratio is presently 42.80%.
Several equities analysts have recently commented on the company. Zacks Investment Research downgraded Mondelez International from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. ValuEngine upgraded Mondelez International from a “hold” rating to a “buy” rating in a research note on Tuesday, February 12th. BidaskClub upgraded Mondelez International from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 4th. Barclays restated a “buy” rating and set a $49.00 target price on shares of Mondelez International in a research note on Friday, February 1st. Finally, Piper Jaffray Companies set a $48.00 target price on Mondelez International and gave the stock a “buy” rating in a research note on Tuesday, October 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $47.27.
About Mondelez International
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.
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