Oppenheimer & Co. Inc. Raises Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Oppenheimer & Co. Inc. increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 31.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 57,496 shares of the company’s stock after acquiring an additional 13,599 shares during the period. Oppenheimer & Co. Inc.’s holdings in Mondelez International were worth $3,434,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Interchange Capital Partners LLC raised its position in shares of Mondelez International by 4.9% in the third quarter. Interchange Capital Partners LLC now owns 3,490 shares of the company’s stock worth $257,000 after buying an additional 163 shares in the last quarter. Lowe Brockenbrough & Co. Inc. raised its holdings in shares of Mondelez International by 1.0% in the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 30,360 shares of the company’s stock valued at $2,251,000 after acquiring an additional 300 shares in the last quarter. Phillips Wealth Planners LLC boosted its position in shares of Mondelez International by 28.2% during the 3rd quarter. Phillips Wealth Planners LLC now owns 6,077 shares of the company’s stock valued at $437,000 after acquiring an additional 1,336 shares during the last quarter. Chicago Partners Investment Group LLC grew its holdings in shares of Mondelez International by 32.5% during the third quarter. Chicago Partners Investment Group LLC now owns 7,376 shares of the company’s stock worth $520,000 after purchasing an additional 1,810 shares in the last quarter. Finally, AM Investment Strategies LLC bought a new position in shares of Mondelez International in the third quarter worth approximately $506,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Price Performance

MDLZ stock opened at $64.25 on Friday. The stock has a market capitalization of $83.11 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 4.34 and a beta of 0.54. The firm’s 50-day moving average price is $59.41 and its two-hundred day moving average price is $65.71. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06.

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

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

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.93%. Mondelez International’s dividend payout ratio is presently 54.97%.

Wall Street Analyst Weigh In

A number of research firms have commented on MDLZ. Dbs Bank cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. DZ Bank lowered shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price for the company. in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft lowered their price target on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. The Goldman Sachs Group cut their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, Royal Bank of Canada decreased their price objective on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and a consensus target price of $69.74.

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.