Bank of New York Mellon Corp Has $618.46 Million Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Bank of New York Mellon Corp increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,354,236 shares of the company’s stock after acquiring an additional 326,177 shares during the period. Bank of New York Mellon Corp owned about 0.77% of Mondelez International worth $618,458,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MDLZ. Hazlett Burt & Watson Inc. grew its holdings in shares of Mondelez International by 16.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock worth $78,000 after purchasing an additional 150 shares during the last quarter. Canopy Partners LLC lifted its position in Mondelez International by 1.2% during the 3rd quarter. Canopy Partners LLC now owns 13,335 shares of the company’s stock worth $982,000 after buying an additional 161 shares in the last quarter. Hardy Reed LLC grew its holdings in Mondelez International by 1.4% during the 3rd quarter. Hardy Reed LLC now owns 11,511 shares of the company’s stock worth $848,000 after acquiring an additional 161 shares during the last quarter. Interchange Capital Partners LLC increased its position in Mondelez International by 4.9% in the 3rd quarter. Interchange Capital Partners LLC now owns 3,490 shares of the company’s stock valued at $257,000 after acquiring an additional 163 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC raised its stake in shares of Mondelez International by 2.2% in the third quarter. Avidian Wealth Enterprises LLC now owns 7,641 shares of the company’s stock worth $563,000 after acquiring an additional 163 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Up 0.8 %

Shares of NASDAQ:MDLZ opened at $65.88 on Wednesday. The company has a 50 day moving average price of $59.15 and a two-hundred day moving average price of $65.81. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The company has a market capitalization of $85.22 billion, a PE ratio of 19.26, a PEG ratio of 4.34 and a beta of 0.54. 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 data on Tuesday, February 4th. The company reported $0.65 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%. Analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International declared that its Board of Directors has initiated 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 stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio is currently 54.97%.

Analyst Ratings Changes

Several analysts have recently commented on MDLZ shares. Stifel Nicolaus decreased their price target on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. UBS Group decreased their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Dbs Bank cut Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. The Goldman Sachs Group cut their price target on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, Royal Bank of Canada lowered their price objective 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. One 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 data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and a consensus target price of $69.74.

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.