Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.4% 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 14,130 shares of the company’s stock after buying an additional 198 shares during the period. Douglas Lane & Associates LLC’s holdings in Mondelez International were worth $844,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Benjamin Edwards Inc. raised its position in shares of Mondelez International by 1,904.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company’s stock worth $31,369,000 after acquiring an additional 404,567 shares in the last quarter. Kingsview Wealth Management LLC increased its stake in Mondelez International by 14.3% in the third quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock valued at $8,430,000 after purchasing an additional 14,278 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in Mondelez International by 11.6% during the third quarter. Daiwa Securities Group Inc. now owns 249,067 shares of the company’s stock worth $18,349,000 after purchasing an additional 25,833 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Mondelez International by 5.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,567,067 shares of the company’s stock worth $115,446,000 after buying an additional 82,742 shares during the last quarter. Finally, HighTower Advisors LLC boosted its holdings in shares of Mondelez International by 0.7% in the 3rd quarter. HighTower Advisors LLC now owns 1,354,879 shares of the company’s stock valued at $99,822,000 after buying an additional 9,789 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on MDLZ. Citigroup cut their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday. Redburn Atlantic initiated coverage on Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price on the stock. Stifel Nicolaus upped their target price on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Company restated an “equal weight” rating and set a $61.00 price target (down previously from $74.00) on shares of Mondelez International in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft cut Mondelez International from a “buy” rating to a “hold” rating and reduced their price objective for the company from $78.00 to $67.00 in a research note on Thursday, December 12th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and a consensus price target of $77.64.

Mondelez International Stock Performance

Shares of MDLZ opened at $58.29 on Thursday. The stock has a market capitalization of $77.95 billion, a P/E ratio of 20.67, a P/E/G ratio of 2.80 and a beta of 0.54. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. Mondelez International, Inc. has a 1 year low of $57.67 and a 1 year high of $77.20. The company’s fifty day moving average is $63.04 and its two-hundred day moving average is $67.71.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The business had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.82 earnings per share. On average, sell-side analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be issued a $0.47 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.23%. Mondelez International’s dividend payout ratio is currently 66.67%.

Mondelez International declared 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 buy 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 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.