Charter Trust Co. Has $307,000 Position in Mondelez International Inc (MDLZ)
Charter Trust Co. lowered its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 17.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,178 shares of the company’s stock after selling 1,499 shares during the period. Charter Trust Co.’s holdings in Mondelez International were worth $307,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in MDLZ. Amundi Pioneer Asset Management Inc. grew its position in Mondelez International by 348.9% in the third quarter. Amundi Pioneer Asset Management Inc. now owns 4,044,516 shares of the company’s stock valued at $164,450,000 after purchasing an additional 3,143,550 shares in the last quarter. Lindsell Train Ltd grew its position in Mondelez International by 18.3% in the third 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. Eaton Vance Management grew its position in Mondelez International by 98.7% in the second quarter. Eaton Vance Management now owns 5,038,277 shares of the company’s stock valued at $217,603,000 after purchasing an additional 2,502,668 shares in the last quarter. Northern Trust Corp grew its position in Mondelez International by 7.3% in the second 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. Finally, Canada Pension Plan Investment Board grew its position in Mondelez International by 9.9% in the second quarter. Canada Pension Plan Investment Board now owns 13,753,346 shares of the company’s stock valued at $594,007,000 after purchasing an additional 1,243,500 shares in the last quarter. 75.82% of the stock is owned by institutional investors and hedge funds.
Shares of Mondelez International Inc (MDLZ) opened at $43.68 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.34 and a current ratio of 0.51. The stock has a market cap of $65,270.00, a PE ratio of 30.33, a PEG ratio of 1.60 and a beta of 0.97. Mondelez International Inc has a 12 month low of $39.19 and a 12 month high of $47.23.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The company had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.45 billion. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. Mondelez International’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.52 EPS. research analysts forecast that Mondelez International Inc will post 2.14 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, January 11th. Stockholders of record on Friday, December 29th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Thursday, December 28th. Mondelez International’s dividend payout ratio is presently 61.11%.
A number of research analysts have recently commented on the stock. TheStreet raised shares of Mondelez International from a “c+” rating to a “b” rating in a research report on Thursday, December 21st. Zacks Investment Research downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Piper Jaffray Companies reissued a “buy” rating and issued a $50.00 price objective on shares of Mondelez International in a research report on Thursday. Susquehanna Bancshares set a $45.00 price objective on shares of Mondelez International and gave the company a “hold” rating in a research report on Monday, October 30th. Finally, BidaskClub raised shares of Mondelez International from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $49.50.
In related news, Director Lewis W. K. Booth bought 1,500 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was bought at an average price of $41.29 per share, for a total transaction of $61,935.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.60% of the company’s stock.
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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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