OFI Invest Asset Management Invests $16.83 Million in Mondelez International, Inc. (NASDAQ:MDLZ)

OFI Invest Asset Management purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 291,827 shares of the company's stock, valued at approximately $16,833,000.

A number of other large investors have also bought and sold shares of the stock. Amundi lifted its position in shares of Mondelez International by 20.1% during the fourth quarter. Amundi now owns 2,856,534 shares of the company's stock valued at $166,507,000 after purchasing an additional 478,225 shares in the last quarter. Camden National Bank raised its position in Mondelez International by 0.3% in the fourth quarter. Camden National Bank now owns 131,129 shares of the company's stock worth $7,832,000 after acquiring an additional 447 shares during the period. Bank Julius Baer & Co. Ltd Zurich raised its position in Mondelez International by 7.4% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 5,249 shares of the company's stock worth $346,000 after acquiring an additional 362 shares during the period. Mesirow Financial Investment Management Inc. raised its position in Mondelez International by 2.6% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 22,427 shares of the company's stock worth $1,339,000 after acquiring an additional 567 shares during the period. Finally, Andra AP fonden bought a new stake in Mondelez International in the fourth quarter worth about $2,789,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MDLZ. Royal Bank of Canada dropped their price target 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. UBS Group lowered their target price on shares of Mondelez International from $76.00 to $63.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Argus cut shares of Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Dbs Bank lowered shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. Finally, DZ Bank lowered shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price target on the stock. in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $69.74.

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Mondelez International Stock Performance

Shares of MDLZ stock traded down $0.30 during trading hours on Tuesday, reaching $67.85. The company had a trading volume of 10,840,265 shares, compared to its average volume of 7,486,036. The business has a fifty day moving average price of $60.39 and a 200-day moving average price of $65.48. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The firm has a market cap of $87.77 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted 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%. Sell-side analysts predict 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 stock repurchase program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International's dividend payout ratio (DPR) is presently 54.97%.

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.