Mondelez International, Inc. (NASDAQ:MDLZ) Position Boosted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,944,294 shares of the company’s stock after acquiring an additional 267,100 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Mondelez International were worth $474,513,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Truvestments Capital LLC acquired a new position in Mondelez International in the third quarter worth approximately $25,000. Prospera Private Wealth LLC bought a new stake in shares of Mondelez International during the 3rd quarter worth $27,000. Marshall Investment Management LLC bought a new stake in shares of Mondelez International during the 4th quarter worth $26,000. Hager Investment Management Services LLC acquired a new position in shares of Mondelez International in the 4th quarter worth $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Mondelez International during the fourth quarter worth $31,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Down 0.7 %

MDLZ opened at $65.29 on Wednesday. The company has a market capitalization of $84.45 billion, a PE ratio of 19.09, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The business has a 50-day moving average of $59.64 and a 200-day moving average of $65.61.

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

Mondelez International declared that its board has approved a stock buyback program on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 10.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Mondelez International Dividend Announcement

The firm also recently disclosed 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 2.88%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is presently 54.97%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MDLZ. Wells Fargo & Company decreased their price target on 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. Stifel Nicolaus decreased their target price on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a report on Friday, January 24th. Barclays cut their price target on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. UBS Group decreased their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Royal Bank of Canada cut their target price on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.74.

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.