Eudaimonia Partners LLC trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Get Rating) by 40.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,222 shares of the company’s stock after selling 2,217 shares during the period. Eudaimonia Partners LLC’s holdings in Mondelez International were worth $215,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of MDLZ. Central Bank & Trust Co. grew its holdings in Mondelez International by 44.0% during the fourth quarter. Central Bank & Trust Co. now owns 1,001 shares of the company’s stock worth $67,000 after acquiring an additional 306 shares during the period. Power Corp of Canada acquired a new position in shares of Mondelez International in the 3rd quarter valued at $305,000. Vaughan David Investments LLC IL boosted its position in shares of Mondelez International by 1.3% in the 3rd quarter. Vaughan David Investments LLC IL now owns 497,440 shares of the company’s stock valued at $27,275,000 after purchasing an additional 6,439 shares during the period. Simmons Bank boosted its position in shares of Mondelez International by 7.0% in the 3rd quarter. Simmons Bank now owns 4,761 shares of the company’s stock valued at $261,000 after purchasing an additional 310 shares during the period. Finally, Girard Partners LTD. boosted its position in shares of Mondelez International by 15.3% in the 3rd quarter. Girard Partners LTD. now owns 78,226 shares of the company’s stock valued at $4,289,000 after purchasing an additional 10,384 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the company. Morgan Stanley increased their price target on Mondelez International from $69.00 to $75.00 and gave the company an “overweight” rating in a research report on Tuesday, December 20th. Mizuho increased their price target on Mondelez International from $75.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, January 6th. Credit Suisse Group raised their price objective on Mondelez International from $70.00 to $76.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 1st. Barclays raised their price objective on Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Thursday, February 2nd. Finally, UBS Group lowered Mondelez International from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $70.00 to $71.00 in a research report on Thursday, December 8th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $73.00.
Mondelez International Stock Up 0.2 %
Mondelez International (NASDAQ:MDLZ – Get Rating) last issued its quarterly earnings data on Tuesday, January 31st. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. Mondelez International had a return on equity of 15.04% and a net margin of 8.63%. The business had revenue of $8.70 billion for the quarter, compared to the consensus estimate of $8.30 billion. During the same period last year, the business earned $0.71 EPS. The firm’s revenue was up 13.5% compared to the same quarter last year. As a group, research analysts predict that Mondelez International, Inc. will post 3.16 EPS for the current year.
Mondelez International Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 31st will be given a $0.385 dividend. This represents a $1.54 annualized dividend and a yield of 2.21%. The ex-dividend date is Thursday, March 30th. Mondelez International’s dividend payout ratio is currently 78.57%.
Mondelez International Profile
Mondelez International, Inc engages in the manufacture and marketing of snack food and beverage products. It operates through the following geographical segments: Latin America, Asia, Middle East, and Africa, Europe, and North America. Its products include beverages, biscuits, chocolate, gum and candy, cheese and grocery, and meals.
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