Boyd Watterson Asset Management LLC OH Raises Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Boyd Watterson Asset Management LLC OH boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 222.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,147 shares of the company’s stock after buying an additional 9,762 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in Mondelez International were worth $845,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. PMG Wealth Management Inc. purchased a new stake in shares of Mondelez International during the fourth quarter worth about $308,000. Paradigm Asset Management Co. LLC grew its position in Mondelez International by 22.4% during the 4th quarter. Paradigm Asset Management Co. LLC now owns 22,366 shares of the company’s stock worth $1,336,000 after purchasing an additional 4,100 shares during the last quarter. Centricity Wealth Management LLC acquired a new position in Mondelez International during the 4th quarter valued at approximately $46,000. Waterfront Wealth Inc. raised its holdings in shares of Mondelez International by 2.1% in the fourth quarter. Waterfront Wealth Inc. now owns 14,960 shares of the company’s stock worth $894,000 after buying an additional 314 shares during the last quarter. Finally, Nicholson Wealth Management Group LLC lifted its stake in shares of Mondelez International by 111.2% during the fourth quarter. Nicholson Wealth Management Group LLC now owns 24,497 shares of the company’s stock worth $1,463,000 after buying an additional 12,898 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Royal Bank of Canada cut their target price on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Citigroup dropped their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. Argus lowered Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Stifel Nicolaus cut their price target on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $69.74.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $64.70 on Friday. The stock has a market capitalization of $83.69 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 4.32 and a beta of 0.54. The stock has a 50-day moving average of $58.98 and a 200 day moving average of $65.91. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06.

Mondelez International (NASDAQ:MDLZ) last posted 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%. Sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International announced that its board has approved a share repurchase program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

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.