1,085 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Purchased by Millstone Evans Group LLC

Millstone Evans Group LLC bought a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 1,085 shares of the company’s stock, valued at approximately $65,000.

A number of other large investors also recently added to or reduced their stakes in MDLZ. Truvestments Capital LLC bought a new position in shares of Mondelez International during the 3rd quarter valued at about $25,000. Marshall Investment Management LLC purchased a new stake in shares of Mondelez International in the fourth quarter worth about $26,000. Hager Investment Management Services LLC bought a new position in Mondelez International during the fourth quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in Mondelez International during the 4th quarter valued at approximately $31,000. Finally, McClarren Financial Advisors Inc. bought a new stake in Mondelez International in the 4th quarter worth approximately $32,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

MDLZ stock opened at $64.51 on Monday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The firm has a market cap of $83.45 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 4.34 and a beta of 0.50. The business’s fifty day simple moving average is $61.35 and its two-hundred day simple moving average is $65.06. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

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 return on equity of 16.75% and a net margin of 12.68%. Analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 2.91%. Mondelez International’s payout ratio is 54.97%.

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on MDLZ. Royal Bank of Canada lowered their target price on Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. Jefferies Financial Group lowered shares of Mondelez International from a “buy” rating to a “hold” rating and lowered their price objective for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. Barclays reduced their target price on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Argus cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Dbs Bank lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $69.74.

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.