Greatmark Investment Partners Inc. Buys 1,355 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Greatmark Investment Partners Inc. lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 45.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,351 shares of the company’s stock after acquiring an additional 1,355 shares during the quarter. Greatmark Investment Partners Inc.’s holdings in Mondelez International were worth $260,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. State Street Corp grew its position in Mondelez International by 3.2% during the third quarter. State Street Corp now owns 60,151,987 shares of the company’s stock valued at $4,459,239,000 after buying an additional 1,851,247 shares during the period. Geode Capital Management LLC grew its position in Mondelez International by 1.2% during the third quarter. Geode Capital Management LLC now owns 28,204,955 shares of the company’s stock valued at $2,069,906,000 after buying an additional 341,203 shares during the period. FMR LLC grew its position in Mondelez International by 14.2% during the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after buying an additional 2,268,639 shares during the period. Massachusetts Financial Services Co. MA grew its position in Mondelez International by 2.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company’s stock valued at $1,268,242,000 after buying an additional 489,068 shares during the period. Finally, Mizuho Securities USA LLC grew its position in Mondelez International by 12,057.4% during the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after buying an additional 12,470,573 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on MDLZ. UBS Group cut their target price 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. Wells Fargo & Company cut their target price on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. DZ Bank downgraded shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target on the stock. in a report on Friday, February 7th. Argus downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Finally, The Goldman Sachs Group lowered their price target on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $69.74.

Mondelez International Price Performance

Mondelez International stock opened at $64.31 on Friday. The company has a market cap of $83.19 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 4.34 and a beta of 0.50. The firm’s fifty day moving average is $60.69 and its 200 day moving average is $65.42. 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, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06.

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

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

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

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.