Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by Flossbach Von Storch SE

Flossbach Von Storch SE grew its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 193,884 shares of the company’s stock after purchasing an additional 1,900 shares during the period. Flossbach Von Storch SE’s holdings in Mondelez International were worth $11,581,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Truvestments Capital LLC acquired a new position in shares of Mondelez International in the 3rd quarter valued at $25,000. Prospera Private Wealth LLC purchased a new stake in Mondelez International in the 3rd quarter valued at $27,000. Hager Investment Management Services LLC purchased a new stake in Mondelez International in the 4th quarter valued at $27,000. Richardson Financial Services Inc. raised its position in Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. Finally, McClarren Financial Advisors Inc. purchased a new stake in Mondelez International in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on MDLZ. Stifel Nicolaus cut their price objective on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research report on Wednesday, January 22nd. Citigroup cut their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Mizuho upped their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. Finally, Dbs Bank downgraded shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.74.

Mondelez International Trading Up 1.3 %

NASDAQ MDLZ opened at $61.96 on Thursday. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company’s 50 day moving average price is $58.93 and its 200 day moving average price is $65.97. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The firm has a market capitalization of $80.14 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 4.27 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. On average, sell-side analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a $0.47 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 3.03%. Mondelez International’s payout ratio is 54.97%.

Mondelez International announced that its board has initiated a share repurchase plan on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is 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.