Sumitomo Mitsui Trust Holdings Inc. recently decreased its holdings in shares of Mondelez International, a reputed maker and marketer of snack food and beverage products, by 1.2% during the 4th quarter, according to its latest filing with the Securities and Exchange Commission (SEC). The company owned around 0.30% of Mondelez International worth $275,315,000 as of its recent filings with SEC after selling 50,557 shares during the quarter.
Mondelez International operates across various geographical segments such as North America, Europe, Asia Middle East & Africa, and Latin America. Interestingly enough this giant corporation’s sector of production includes beverages, biscuits, chocolate, grocery cheese and meals-catering remarkably to all sorts of individuals’ needs.
As on Tuesday when this article was penned down Mondelez stock opened at a price of $70.53. Its 200 day moving average price ranges around $64.74 which puts the current market cap at a staggering figure of over $96 billion! Furthermore, Mondelez also sports a PEG ratio of 3.15 along with a price-to-earnings ratio of 35.98 – numbers that put it at an enviable position among most other companies in the market right now.
The debt-to-equity ratio for Mondelez International stands at about .75 with quick range staying put at approximately .40 while the current range is around .60 providing adequate liquidity levels for trade.
Despite all these great figures there is still one more aspect that might be quite interesting for many investors – where Mondelez International has an impressive one year high amounting to $71.85 – which gives it a unique advantage over many rival organisations in terms of profitability metrics.
Overall Sumitomo Mitsui Trust Holdings Inc.’s decision to lessen its holding in shares of Mondelez International surely raised some eyebrows but since its holdings only represented around 0.30% of the company’s overall worth, it doesn’t appear to be a significant change either way. But it does give room for a number of other investors to potentially jump on the opportunity and invest into this flourishing snack food production entity going forward.
Hedge Funds Increase Investments in Mondelez International, Inc. (MDLZ) as Brokers Upgrade Rating and Dividend is Declared
Mondelez International, Inc. (NASDAQ: MDLZ), a leading player in the snack food and beverage industry, has seen recent investment activity by various hedge funds. Institutional investors now own 75.91% of the company’s stock, with Flagship Harbor Advisors LLC recently increasing its stake by 3.1% to own 5,062 shares of the company’s stock — a value of $337,000. Stephens Inc. AR also saw an increase of 0.5% during the third quarter to own shares worth $1,945,000 after acquiring an additional 160 shares during the last quarter.
Brookstone Capital Management raised their holdings in shares by 1.7% for Q4’s period; while First Financial Corp IN raised its position by 1%. Gilman Hill Asset Management LLC meaningfully increased its stake by purchasing an additional 162 shares.
Mondelez International was recently reviewed by a number of brokerages which resulted in general optimism for the company with Morgan Stanley upgrading the rating from moderate buy to overweight while TheStreet went from a C+ to a B+ rating on December 12th.
Mondelez engages in manufacturing and marketing of snack food and beverage products with operations in Latin America, Asia, Middle East and Africa as well as Europe and North America regions. In its last quarterly report dated January 31st it recorded an EPS above market consensus and recorded revenue growth during Q4.
Recently Mondelez declared a quarterly dividend scheduled for payout on April14 th at which time shareholders will receive $0.385 per share or $78 annually resulting in a dividend yield of 2.18%. Shareholders holding records on Friday March31 st shall be entitled to it with ex-dividend date fixed at Thursday March30 th . Mondelez International now appears poised to build upon recent success given these positive reports and strategic initiatives./p>
Source: beststocks.com
