Quilter Plc Boosts Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Quilter Plc lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 889,192 shares of the company’s stock after purchasing an additional 26,023 shares during the quarter. Quilter Plc’s holdings in Mondelez International were worth $53,111,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brookstone Capital Management lifted its position in shares of Mondelez International by 15.3% during the third quarter. Brookstone Capital Management now owns 9,275 shares of the company’s stock worth $683,000 after purchasing an additional 1,230 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Mondelez International by 242.5% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 9,042 shares of the company’s stock worth $670,000 after purchasing an additional 6,402 shares during the last quarter. Fiduciary Financial Group LLC lifted its stake in Mondelez International by 5.8% in the third quarter. Fiduciary Financial Group LLC now owns 3,666 shares of the company’s stock worth $260,000 after acquiring an additional 200 shares during the period. Valeo Financial Advisors LLC grew its holdings in Mondelez International by 3.3% during the 3rd quarter. Valeo Financial Advisors LLC now owns 33,698 shares of the company’s stock worth $2,483,000 after acquiring an additional 1,076 shares in the last quarter. Finally, Carnegie Investment Counsel raised its holdings in shares of Mondelez International by 1.4% in the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock valued at $811,000 after purchasing an additional 151 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MDLZ has been the topic of several research reports. Citigroup cut their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and dropped their target price for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. Wells Fargo & Company dropped their target price on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Royal Bank of Canada decreased their price objective on Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Bank of America increased their price objective on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $69.72.

Mondelez International Trading Up 1.1 %

MDLZ stock opened at $58.45 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.42 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. The stock has a market cap of $78.16 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 4.04 and a beta of 0.54. The business’s 50-day moving average is $59.34 and its 200 day moving average is $66.35.

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

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend 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 54.97%.

Mondelez International announced that its Board of Directors has initiated a share repurchase plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership 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.