Caisse Des Depots ET Consignations Purchases Shares of 51,355 Mondelez International, Inc. (NASDAQ:MDLZ)

Caisse Des Depots ET Consignations acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 51,355 shares of the company’s stock, valued at approximately $3,067,000.

Other institutional investors have also added to or reduced their stakes in the company. Blair William & Co. IL lifted its holdings in shares of Mondelez International by 2.3% in the fourth quarter. Blair William & Co. IL now owns 295,333 shares of the company’s stock valued at $17,640,000 after purchasing an additional 6,658 shares in the last quarter. AssuredPartners Investment Advisors LLC acquired a new position in Mondelez International during the 4th quarter worth approximately $490,000. NEOS Investment Management LLC grew its stake in shares of Mondelez International by 24.9% during the 4th quarter. NEOS Investment Management LLC now owns 176,738 shares of the company’s stock worth $10,557,000 after acquiring an additional 35,254 shares in the last quarter. UniSuper Management Pty Ltd lifted its position in shares of Mondelez International by 3.9% in the fourth quarter. UniSuper Management Pty Ltd now owns 598,735 shares of the company’s stock worth $35,762,000 after purchasing an additional 22,296 shares in the last quarter. Finally, Sava Infond d.o.o. acquired a new position in Mondelez International during the fourth quarter worth $2,300,000. 78.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on MDLZ shares. Barclays lowered their price target on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Dbs Bank downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. Wells Fargo & Company dropped their price objective on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft reduced their price target on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a report on Wednesday, January 22nd. Finally, UBS Group reduced their target price on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $69.70.

Mondelez International Trading Up 2.5 %

NASDAQ MDLZ opened at $66.33 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The stock has a market capitalization of $85.80 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The business’s fifty day moving average is $61.87 and its 200-day moving average is $64.92.

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 16.75% and a net margin of 12.68%. Equities research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International announced that its Board of Directors has authorized a stock buyback program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.83%. The ex-dividend date 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.