Addenda Capital Inc. Acquires 355 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Addenda Capital Inc. increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 113,308 shares of the company’s stock after acquiring an additional 355 shares during the period. Addenda Capital Inc.’s holdings in Mondelez International were worth $6,813,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in MDLZ. Mizuho Securities USA LLC grew its holdings in Mondelez International by 12,057.4% during the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after purchasing an additional 12,470,573 shares during the period. Ilex Capital Partners UK LLP bought a new position in shares of Mondelez International in the third quarter valued at about $219,045,000. FMR LLC grew its stake in shares of Mondelez International by 14.2% in the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after acquiring an additional 2,268,639 shares in the last quarter. Holocene Advisors LP acquired a new stake in Mondelez International during the third quarter worth about $159,823,000. Finally, National Bank of Canada FI lifted its holdings in shares of Mondelez International by 173.7% in the third quarter. National Bank of Canada FI now owns 3,049,440 shares of the company’s stock worth $224,652,000 after acquiring an additional 1,935,356 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MDLZ shares. Evercore ISI increased their target price on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Stifel Nicolaus raised their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 25th. Redburn Atlantic initiated coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective for the company. UBS Group dropped their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, The Goldman Sachs Group dropped their price objective on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $74.93.

Mondelez International Trading Down 0.2 %

Shares of Mondelez International stock opened at $57.86 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The firm has a market cap of $77.37 billion, a PE ratio of 20.52, a P/E/G ratio of 3.12 and a beta of 0.54. Mondelez International, Inc. has a 1 year low of $55.97 and a 1 year high of $77.20. The stock has a fifty day moving average price of $61.59 and a 200-day moving average price of $67.26.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. During the same quarter last year, the company earned $0.82 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. Equities research analysts anticipate that Mondelez International, Inc. will post 3.47 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.25%. Mondelez International’s dividend payout ratio is currently 66.67%.

Mondelez International announced that its Board of Directors has initiated a share buyback plan on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Mondelez International 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.