SVB Wealth LLC Purchases New Position in Mondelez International, Inc. (NASDAQ:MDLZ)

SVB Wealth LLC acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 157,442 shares of the company’s stock, valued at approximately $9,404,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MDLZ. Truvestments Capital LLC bought a new position in shares of Mondelez International during the 3rd quarter valued at approximately $25,000. Prospera Private Wealth LLC purchased a new position in Mondelez International during the third quarter worth $27,000. Marshall Investment Management LLC bought a new position in Mondelez International during the fourth quarter valued at $26,000. Hager Investment Management Services LLC purchased a new stake in shares of Mondelez International in the fourth quarter valued at $27,000. Finally, Sierra Ocean LLC purchased a new stake in shares of Mondelez International in the fourth quarter valued at $32,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Up 0.4 %

Mondelez International stock opened at $64.25 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a market cap of $83.11 billion, a P/E ratio of 18.79, a P/E/G ratio of 4.34 and a beta of 0.54. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The business has a fifty day moving average of $59.41 and a two-hundred day moving average of $65.74.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. On average, analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International announced that its Board of Directors has authorized a share 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 reacquire up to 10.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Wednesday, January 22nd. Stifel Nicolaus cut their target price on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Argus lowered Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Citigroup dropped their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and reduced their target price for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $69.74.

Mondelez International Company Profile

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.