RiverGlades Family Offices LLC Invests $392,000 in Mondelez International Inc (MDLZ) Stock
RiverGlades Family Offices LLC bought a new stake in Mondelez International Inc (NASDAQ:MDLZ) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,159 shares of the company’s stock, valued at approximately $392,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Aberdeen Asset Management PLC UK lifted its holdings in Mondelez International by 11.2% in the second quarter. Aberdeen Asset Management PLC UK now owns 465,221 shares of the company’s stock valued at $20,093,000 after buying an additional 46,992 shares during the period. Summit Global Investments acquired a new position in Mondelez International in the second quarter valued at $486,000. Sand Hill Global Advisors LLC acquired a new position in Mondelez International in the third quarter valued at $4,113,000. Janus Henderson Group PLC lifted its holdings in Mondelez International by 30.8% in the second quarter. Janus Henderson Group PLC now owns 263,822 shares of the company’s stock valued at $11,395,000 after buying an additional 62,189 shares during the period. Finally, Keybank National Association OH lifted its holdings in Mondelez International by 3.4% in the third quarter. Keybank National Association OH now owns 1,040,550 shares of the company’s stock valued at $42,309,000 after buying an additional 34,038 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.
Mondelez International Inc (MDLZ) opened at $43.75 on Friday. Mondelez International Inc has a fifty-two week low of $39.19 and a fifty-two week high of $47.23. The firm has a market cap of $65,070.60, a PE ratio of 22.91, a PEG ratio of 1.48 and a beta of 0.92. The company has a current ratio of 0.48, a quick ratio of 0.31 and a debt-to-equity ratio of 0.50.
Mondelez International announced that its board has authorized a share buyback program on Wednesday, January 31st that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently announced 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. The ex-dividend date is Wednesday, March 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.01%. Mondelez International’s dividend payout ratio is presently 46.07%.
In other Mondelez International news, Director Charles E. Bunch bought 2,000 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were bought at an average price of $43.90 per share, for a total transaction of $87,800.00. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.60% of the company’s stock.
Several equities analysts recently issued reports on the stock. TheStreet upgraded shares of Mondelez International from a “c+” rating to a “b” rating in a report on Thursday, December 21st. Zacks Investment Research lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Piper Jaffray Companies reiterated a “buy” rating and set a $52.00 price objective on shares of Mondelez International in a report on Thursday, February 1st. Societe Generale upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and upped their price objective for the company from $45.00 to $55.00 in a report on Friday, February 2nd. Finally, BidaskClub upgraded shares of Mondelez International from a “strong sell” rating to a “sell” rating in a report on Monday, February 5th. One equities research 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. The stock currently has a consensus rating of “Buy” and an average 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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