Mediolanum International Funds Ltd Raises Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Mediolanum International Funds Ltd lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 51.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,028 shares of the company’s stock after buying an additional 33,830 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Mondelez International were worth $5,884,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Truvestments Capital LLC acquired a new stake in shares of Mondelez International in the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC acquired a new stake in shares of Mondelez International during the 3rd quarter worth about $27,000. Richardson Financial Services Inc. grew its holdings in shares of Mondelez International by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares in the last quarter. Highline Wealth Partners LLC acquired a new position in shares of Mondelez International in the third quarter valued at approximately $38,000. Finally, Albion Financial Group UT purchased a new stake in Mondelez International in the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

MDLZ has been the topic of several analyst reports. Citigroup decreased their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft lowered 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. Wells Fargo & Company reissued an “equal weight” rating and issued a $61.00 target price (down from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. UBS Group dropped 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. Finally, Jefferies Financial Group downgraded Mondelez International from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $72.76.

Mondelez International Stock Down 0.7 %

NASDAQ MDLZ opened at $57.99 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a fifty-two week low of $55.97 and a fifty-two week high of $77.20. The business has a 50 day moving average price of $60.22 and a two-hundred day moving average price of $66.71. The stock has a market cap of $77.54 billion, a PE ratio of 20.56, a P/E/G ratio of 3.05 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. During the same period last year, the business earned $0.82 EPS. The business’s revenue was up 1.9% on a year-over-year basis. As a group, sell-side analysts predict that Mondelez International, Inc. will post 3.44 EPS for the current fiscal year.

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 given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s payout ratio is 66.67%.

Mondelez International announced that its Board of Directors has initiated a share repurchase program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

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.