Assenagon Asset Administration S.A. lessened its stake in shares of Mondelez Worldwide, Inc. (NASDAQ:MDLZ – Free Report) by 18.2% throughout the 4th quarter, based on its most up-to-date submitting with the Securities and Trade Fee. The institutional investor owned 39,617 shares of the corporate’s inventory after promoting 8,790 shares throughout the quarter. Assenagon Asset Administration S.A.’s holdings in Mondelez Worldwide have been price $2,366,000 on the finish of the latest reporting interval.
Different institutional traders and hedge funds have additionally made modifications to their positions within the firm. Mizuho Securities USA LLC lifted its stake in shares of Mondelez Worldwide by 12,057.4% throughout the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the corporate’s inventory price $926,327,000 after buying an extra 12,470,573 shares over the last quarter. Ilex Capital Companions UK LLP purchased a brand new place in Mondelez Worldwide within the third quarter price about $219,045,000. FMR LLC lifted its place in shares of Mondelez Worldwide by 14.2% throughout the third quarter. FMR LLC now owns 18,255,657 shares of the corporate’s inventory valued at $1,344,894,000 after shopping for an extra 2,268,639 shares over the last quarter. Holocene Advisors LP purchased a brand new stake in shares of Mondelez Worldwide within the third quarter valued at about $159,823,000. Lastly, Nationwide Financial institution of Canada FI grew its place in shares of Mondelez Worldwide by 173.7% within the third quarter. Nationwide Financial institution of Canada FI now owns 3,049,440 shares of the corporate’s inventory price $224,652,000 after shopping for an extra 1,935,356 shares over the last quarter. 78.32% of the inventory is presently owned by hedge funds and different institutional traders.
Analyst Upgrades and Downgrades
Plenty of analysis companies just lately commented on MDLZ. Redburn Atlantic began protection on shares of Mondelez Worldwide in a analysis report on Tuesday, October twenty second. They set a “purchase” score and a $82.00 goal value for the corporate. Deutsche Financial institution Aktiengesellschaft decreased their value goal on Mondelez Worldwide from $67.00 to $62.00 and set a “maintain” score for the corporate in a report on Wednesday. Citigroup dropped their goal value on Mondelez Worldwide from $78.00 to $71.00 and set a “purchase” score on the inventory in a analysis notice on Wednesday, January eighth. UBS Group decreased their value goal on Mondelez Worldwide from $76.00 to $63.00 and set a “impartial” score for the corporate in a analysis notice on Thursday, January sixteenth. Lastly, Evercore ISI raised their value goal on Mondelez Worldwide from $79.00 to $85.00 and gave the inventory an “outperform” score in a report on Thursday, September twenty sixth. 5 analysis analysts have rated the inventory with a maintain score and twelve have issued a purchase score to the corporate’s inventory. In line with information from MarketBeat.com, the inventory presently has a median score of “Reasonable Purchase” and a median goal value of $73.81.
Learn Our Newest Report on Mondelez Worldwide
Mondelez Worldwide Inventory Efficiency
Shares of NASDAQ MDLZ opened at $56.31 on Thursday. The corporate has a 50 day easy transferring common of $61.25 and a two-hundred day easy transferring common of $67.13. The inventory has a market cap of $75.30 billion, a price-to-earnings ratio of 19.97, a PEG ratio of three.12 and a beta of 0.54. The corporate has a present ratio of 0.63, a fast ratio of 0.42 and a debt-to-equity ratio of 0.59. Mondelez Worldwide, Inc. has a 12 month low of $55.97 and a 12 month excessive of $77.20.
Mondelez Worldwide (NASDAQ:MDLZ – Get Free Report) final posted its earnings outcomes on Tuesday, October twenty ninth. The corporate reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. The corporate had income of $9.20 billion throughout the quarter, in comparison with the consensus estimate of $9.11 billion. Mondelez Worldwide had a internet margin of 10.58% and a return on fairness of 17.53%. The agency’s quarterly income was up 1.9% on a year-over-year foundation. Throughout the identical interval within the earlier yr, the agency posted $0.82 earnings per share. As a bunch, analysts predict that Mondelez Worldwide, Inc. will publish 3.47 earnings per share for the present yr.
Mondelez Worldwide Dividend Announcement
The enterprise additionally just lately introduced a quarterly dividend, which was paid on Tuesday, January 14th. Buyers of report on Tuesday, December thirty first have been issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of three.34%. The ex-dividend date was Tuesday, December thirty first. Mondelez Worldwide’s dividend payout ratio (DPR) is 66.67%.
Mondelez Worldwide introduced that its board has authorized a inventory buyback program on Wednesday, December eleventh that authorizes the corporate to repurchase $9.00 billion in excellent shares. This repurchase authorization authorizes the corporate to reacquire as much as 10.7% of its inventory by open market purchases. Inventory repurchase applications are sometimes a sign that the corporate’s administration believes its inventory is undervalued.
Mondelez Worldwide Firm Profile
(Free Report)
Mondelez Worldwide, Inc, by its subsidiaries, manufactures, markets, and sells snack meals and beverage merchandise within the Latin America, North America, Asia, the Center East, Africa, and Europe. It gives biscuits and baked snacks, together with cookies, crackers, salted snacks, snack bars, and truffles and pastries; sweets; and gums and candies, in addition to varied cheese and grocery, and powdered beverage merchandise.
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