Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 180,279 shares of the company’s stock after buying an additional 12,184 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Mondelez International were worth $10,768,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Czech National Bank raised its position in shares of Mondelez International by 6.5% in the 4th quarter. Czech National Bank now owns 289,931 shares of the company’s stock worth $17,318,000 after buying an additional 17,815 shares during the period. Legacy Private Trust Co. raised its holdings in shares of Mondelez International by 33.2% in the 4th quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock worth $229,000 after purchasing an additional 957 shares during the period. Kennedy Investment Group acquired a new position in shares of Mondelez International in the 4th quarter valued at about $313,000. Benjamin Edwards Inc. grew its holdings in shares of Mondelez International by 1,904.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company’s stock worth $31,369,000 after purchasing an additional 404,567 shares during the period. Finally, Kingsview Wealth Management LLC raised its holdings in Mondelez International by 14.3% in the third quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock valued at $8,430,000 after buying an additional 14,278 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $58.45 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The stock has a market capitalization of $78.16 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 3.12 and a beta of 0.54. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company’s 50-day simple moving average is $59.47 and its 200-day simple moving average is $66.41.

Mondelez International (NASDAQ:MDLZ) last issued its 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 17.53% and a net margin of 10.58%. Equities analysts anticipate that Mondelez International, Inc. will post 3.44 earnings per share for the current fiscal year.

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

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.22%. Mondelez International’s dividend payout ratio (DPR) is 66.67%.

Analysts Set New Price Targets

MDLZ has been the subject of several research reports. Stifel Nicolaus decreased 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 note on Friday, January 24th. UBS Group decreased their price target on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and cut their price objective for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft decreased their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research report on Wednesday, January 22nd. Finally, Citigroup dropped their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.72.

Mondelez International Company 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.