Plancorp LLC Grows Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Plancorp LLC grew its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 6.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,411 shares of the company’s stock after purchasing an additional 605 shares during the period. Plancorp LLC’s holdings in Mondelez International were worth $562,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of MDLZ. Mizuho Securities USA LLC lifted its position in shares of Mondelez International by 46.3% during the 4th quarter. Mizuho Securities USA LLC now owns 126,736 shares of the company’s stock valued at $7,570,000 after buying an additional 40,117 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Mondelez International during the 4th quarter valued at approximately $213,000. Millstone Evans Group LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at approximately $65,000. 1620 Investment Advisors Inc. lifted its position in shares of Mondelez International by 2.3% during the 4th quarter. 1620 Investment Advisors Inc. now owns 11,541 shares of the company’s stock valued at $689,000 after buying an additional 257 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its position in shares of Mondelez International by 160.2% during the 4th quarter. TD Private Client Wealth LLC now owns 43,155 shares of the company’s stock valued at $2,578,000 after buying an additional 26,570 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 0.9 %

Shares of MDLZ opened at $64.51 on Friday. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a market capitalization of $83.45 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The stock has a fifty day simple moving average of $61.35 and a two-hundred day simple moving average of $65.13. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share (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%. As a group, equities analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

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 given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

Mondelez International announced that its Board of Directors has initiated a share repurchase program on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MDLZ. DZ Bank lowered Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price on the stock. in a research report on Friday, February 7th. Mizuho increased their target price on Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, February 14th. Royal Bank of Canada reduced their price objective on Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. The Goldman Sachs Group reduced their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Finally, UBS Group reduced their price objective 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 equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.