Sky Investment Group LLC Boosts Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Sky Investment Group LLC lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 11.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 47,291 shares of the company’s stock after acquiring an additional 4,925 shares during the period. Sky Investment Group LLC’s holdings in Mondelez International were worth $2,825,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Truvestments Capital LLC acquired a new stake in Mondelez International in the third quarter worth $25,000. Prospera Private Wealth LLC bought a new position in Mondelez International during the third quarter valued at about $27,000. Richardson Financial Services Inc. grew its stake in shares of Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares during the last quarter. Highline Wealth Partners LLC bought a new position in shares of Mondelez International in the third quarter valued at $38,000. Finally, Hara Capital LLC acquired a new stake in shares of Mondelez International during the third quarter worth $45,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MDLZ. Evercore ISI upped their price target on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft lowered Mondelez International from a “buy” rating to a “hold” rating and reduced their price target for the company from $78.00 to $67.00 in a report on Thursday, December 12th. Redburn Atlantic began 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. Stifel Nicolaus increased their price target on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $61.00 price objective (down previously from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $74.93.

Mondelez International Trading Down 0.2 %

Shares of MDLZ opened at $57.86 on Tuesday. The stock has a 50 day simple moving average of $61.59 and a 200-day simple moving average of $67.26. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The stock has a market cap of $77.37 billion, a PE ratio of 20.52, a PEG ratio of 2.99 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.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. The firm had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 earnings per share. On average, sell-side analysts predict that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Mondelez International Announces Dividend

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

Mondelez International declared that its Board of Directors has approved a share buyback plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

About Mondelez International

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.