Hunter Associates Investment Management LLC Has $1.93 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Hunter Associates Investment Management LLC decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,416 shares of the company’s stock after selling 267 shares during the period. Hunter Associates Investment Management LLC’s holdings in Mondelez International were worth $1,931,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Mondelez International by 5.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 103,824 shares of the company’s stock valued at $6,794,000 after purchasing an additional 5,777 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Mondelez International in the 2nd quarter valued at approximately $19,061,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Mondelez International during the 2nd quarter worth approximately $8,059,000. Jacobs & Co. CA grew its holdings in Mondelez International by 7.1% during the third quarter. Jacobs & Co. CA now owns 119,136 shares of the company’s stock valued at $8,776,000 after purchasing an additional 7,854 shares during the period. Finally, Cascade Investment Advisors Inc. raised its holdings in Mondelez International by 3.2% in the third quarter. Cascade Investment Advisors Inc. now owns 17,925 shares of the company’s stock worth $1,321,000 after purchasing an additional 550 shares during the period. 78.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 price objective on shares of Mondelez International in a research note on Thursday. Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and lowered their target price for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. Stifel Nicolaus reduced their price target on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a report on Friday, January 24th. Bank of America raised their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Finally, Redburn Atlantic initiated coverage on Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price for the company. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $72.76.

Mondelez International Stock Performance

Shares of MDLZ opened at $58.41 on Friday. The company has a market cap of $78.11 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 3.05 and a beta of 0.54. The firm has a 50-day moving average of $60.34 and a 200-day moving average of $66.77. Mondelez International, Inc. has a one year low of $55.97 and a one year high of $77.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The business had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. Mondelez International’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company posted $0.82 earnings per share. As a group, equities analysts forecast that Mondelez International, Inc. will post 3.44 earnings per share for the current year.

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

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors 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 dividend yield of 3.22%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s payout ratio is presently 66.67%.

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.