Mondelez International Inc (MDLZ) Position Increased by Boston Common Asset Management LLC
Boston Common Asset Management LLC boosted its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 4.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 141,401 shares of the company’s stock after purchasing an additional 5,468 shares during the quarter. Boston Common Asset Management LLC’s holdings in Mondelez International were worth $6,052,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also made changes to their positions in MDLZ. Vanguard Group Inc. lifted its position 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 worth $4,267,168,000 after acquiring an additional 1,168,269 shares during the period. Northern Trust Corp lifted its position 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 worth $936,717,000 after acquiring an additional 1,470,112 shares during the period. Lindsell Train Ltd lifted its position 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 worth $811,196,000 after acquiring an additional 3,086,000 shares during the period. Macquarie Group Ltd. lifted its position 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 worth $690,211,000 after acquiring an additional 175,487 shares during the period. Finally, Bank of New York Mellon Corp lifted its position 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 worth $689,906,000 after acquiring an additional 47,563 shares during the period. Hedge funds and other institutional investors own 76.07% of the company’s stock.
Shares of Mondelez International Inc (MDLZ) opened at $42.53 on Tuesday. The company has a market capitalization of $63,560.00, a price-to-earnings ratio of 22.27, a PEG ratio of 1.43 and a beta of 0.92. Mondelez International Inc has a 52 week low of $39.19 and a 52 week high of $47.23. 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 announced that its Board of Directors has approved a share repurchase program on Wednesday, January 31st that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.07%. Mondelez International’s dividend payout ratio (DPR) is presently 46.07%.
A number of analysts have commented on MDLZ shares. Zacks Investment Research downgraded Mondelez International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. BidaskClub downgraded Mondelez International from a “sell” rating to a “strong sell” rating in a research report on Friday, January 5th. Credit Suisse Group raised their price objective on Mondelez International from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. JPMorgan Chase & Co. raised their target price on Mondelez International from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. Finally, Buckingham Research cut their target price on Mondelez International from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Mondelez International presently has an average rating of “Buy” and an average price target of $50.69.
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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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