RD Lewis Holdings Inc. Acquires New Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

RD Lewis Holdings Inc. acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,023 shares of the company's stock, valued at approximately $235,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Tocqueville Asset Management L.P. raised its holdings in shares of Mondelez International by 3.8% in the fourth quarter. Tocqueville Asset Management L.P. now owns 77,304 shares of the company's stock valued at $4,617,000 after purchasing an additional 2,815 shares during the last quarter. Flagship Wealth Advisors LLC bought a new position in shares of Mondelez International in the fourth quarter valued at $50,000. TCTC Holdings LLC grew its stake in shares of Mondelez International by 0.8% in the fourth quarter. TCTC Holdings LLC now owns 204,250 shares of the company's stock valued at $12,200,000 after buying an additional 1,681 shares in the last quarter. Cibc World Markets Corp grew its stake in shares of Mondelez International by 139.1% in the fourth quarter. Cibc World Markets Corp now owns 1,025,833 shares of the company's stock valued at $61,273,000 after buying an additional 596,865 shares in the last quarter. Finally, Addison Capital Co grew its stake in shares of Mondelez International by 0.5% in the fourth quarter. Addison Capital Co now owns 81,451 shares of the company's stock valued at $4,865,000 after buying an additional 391 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on MDLZ. 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 research note on Friday, January 24th. Argus cut shares of Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research note on Wednesday, January 22nd. Jefferies Financial Group cut shares of Mondelez International from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. Finally, The Goldman Sachs Group reduced their price objective on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Mondelez International presently has a consensus rating of "Moderate Buy" and an average target price of $69.74.

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Mondelez International Price Performance

MDLZ stock traded up $0.56 during midday trading on Friday, reaching $64.51. The company had a trading volume of 25,429,793 shares, compared to its average volume of 7,502,705. The company has a market capitalization of $83.45 billion, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The stock has a 50 day moving average price of $61.35 and a 200-day moving average price of $65.18. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. 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 (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results 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 net margin of 12.68% and a return on equity of 16.75%. Equities research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.91%. Mondelez International's dividend payout ratio (DPR) is currently 54.97%.

Mondelez International declared that its board has approved a share repurchase program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's management believes its shares are 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.