Pin Oak Investment Advisors Inc. Lowers Position in Mondelez International Inc (NASDAQ:MDLZ)

Pin Oak Investment Advisors Inc. reduced its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 77.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,281 shares of the company’s stock after selling 45,379 shares during the quarter. Pin Oak Investment Advisors Inc.’s holdings in Mondelez International were worth $532,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Exane Derivatives acquired a new position in Mondelez International during the 4th quarter worth approximately $33,000. Northwest Wealth Management LLC grew its holdings in Mondelez International by 355.4% during the 4th quarter. Northwest Wealth Management LLC now owns 838 shares of the company’s stock worth $34,000 after acquiring an additional 654 shares in the last quarter. Sontag Advisory LLC acquired a new position in Mondelez International during the 4th quarter worth approximately $34,000. PRW Wealth Management LLC acquired a new position in Mondelez International during the 4th quarter worth approximately $36,000. Finally, Lake Point Wealth Management acquired a new position in Mondelez International during the 4th quarter worth approximately $36,000. 76.85% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on MDLZ shares. Zacks Investment Research cut shares of Mondelez International from a “hold” rating to a “sell” rating in a report on Wednesday, April 17th. ValuEngine upgraded shares of Mondelez International from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. BidaskClub cut shares of Mondelez International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 6th. Berenberg Bank cut shares of Mondelez International from a “buy” rating to a “hold” rating and set a $43.00 target price for the company. in a report on Thursday, January 24th. Finally, Barclays restated a “buy” rating and issued a $49.00 target price on shares of Mondelez International in a report on Friday, February 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $47.90.

MDLZ stock opened at $50.09 on Monday. Mondelez International Inc has a 12 month low of $37.42 and a 12 month high of $50.56. The firm has a market capitalization of $72.34 billion, a P/E ratio of 20.61, a price-to-earnings-growth ratio of 2.66 and a beta of 0.90. The company has a quick ratio of 0.30, a current ratio of 0.45 and a debt-to-equity ratio of 0.49.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Wednesday, January 30th. The company reported $0.63 EPS for the quarter, meeting the consensus estimate of $0.63. Mondelez International had a net margin of 12.64% and a return on equity of 14.03%. The firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.77 billion. During the same quarter in the prior year, the firm earned $0.57 EPS. Mondelez International’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, equities research analysts forecast that Mondelez International Inc will post 2.48 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were given a $0.26 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.04 annualized dividend and a yield of 2.08%. Mondelez International’s dividend payout ratio (DPR) is 42.80%.

In other Mondelez International news, EVP Alejandro Lorenzo sold 26,347 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $46.94, for a total transaction of $1,236,728.18. Following the completion of the transaction, the executive vice president now owns 59,320 shares in the company, valued at approximately $2,784,480.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Vinzenz P. Gruber sold 10,945 shares of the company’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $45.86, for a total transaction of $501,937.70. Following the transaction, the executive vice president now owns 139,584 shares of the company’s stock, valued at approximately $6,401,322.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,127 shares of company stock valued at $3,398,519. 1.50% of the stock is owned by insiders.

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About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.

See Also: Coverage Ratio

Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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