Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by CX Institutional

CX Institutional raised its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 85,092 shares of the company’s stock after buying an additional 2,191 shares during the period. CX Institutional’s holdings in Mondelez International were worth $5,083,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Axiom Advisory LLC lifted its stake in Mondelez International by 1.6% in the 3rd quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after acquiring an additional 143 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its position in Mondelez International by 16.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock valued at $78,000 after purchasing an additional 150 shares during the last quarter. Carnegie Investment Counsel increased its position in Mondelez International by 1.4% in the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock worth $811,000 after purchasing an additional 151 shares during the last quarter. SeaCrest Wealth Management LLC raised its stake in shares of Mondelez International by 1.3% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 12,130 shares of the company’s stock worth $894,000 after purchasing an additional 156 shares in the last quarter. Finally, Quent Capital LLC grew its stake in shares of Mondelez International by 5.5% in the 3rd quarter. Quent Capital LLC now owns 3,047 shares of the company’s stock valued at $225,000 after buying an additional 160 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Up 0.2 %

NASDAQ MDLZ opened at $57.07 on Friday. Mondelez International, Inc. has a twelve month low of $55.97 and a twelve month high of $77.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The stock has a market cap of $76.31 billion, a PE ratio of 20.23, a PEG ratio of 2.96 and a beta of 0.54. The firm has a 50-day simple moving average of $61.05 and a 200 day simple moving average of $67.06.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.14. The firm had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 earnings per share. On average, research analysts forecast that Mondelez International, Inc. will post 3.45 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.29%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s payout ratio is presently 66.67%.

Mondelez International declared that its Board of Directors has authorized a share buyback program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several analysts have commented on MDLZ shares. UBS Group decreased their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Citigroup decreased their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Jefferies Financial Group downgraded Mondelez International from a “buy” rating to a “hold” rating and cut their price objective for the company from $75.00 to $62.00 in a research note on Tuesday. Evercore ISI upped their target price on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Finally, Redburn Atlantic assumed coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $73.81.

Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.