BFI Infinity Ltd. Invests $285,000 in Mondelez International, Inc. (NASDAQ:MDLZ)

BFI Infinity Ltd. bought a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,765 shares of the company's stock, valued at approximately $285,000.

A number of other large investors have also bought and sold shares of the stock. State Street Corp increased its holdings in shares of Mondelez International by 3.2% during the third quarter. State Street Corp now owns 60,151,987 shares of the company's stock valued at $4,459,239,000 after acquiring an additional 1,851,247 shares in the last quarter. Geode Capital Management LLC grew its position in Mondelez International by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 28,204,955 shares of the company's stock valued at $2,069,906,000 after purchasing an additional 341,203 shares during the period. FMR LLC increased its stake in Mondelez International by 14.2% during the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company's stock valued at $1,344,894,000 after purchasing an additional 2,268,639 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Mondelez International by 2.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company's stock worth $1,268,242,000 after buying an additional 489,068 shares during the last quarter. Finally, Mizuho Securities USA LLC lifted its stake in shares of Mondelez International by 12,057.4% in the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company's stock valued at $926,327,000 after buying an additional 12,470,573 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ traded up $1.36 during midday trading on Thursday, reaching $58.00. The company had a trading volume of 10,571,775 shares, compared to its average volume of 10,066,827. The stock has a market cap of $77.56 billion, a P/E ratio of 20.57, a P/E/G ratio of 2.99 and a beta of 0.54. The company's 50 day moving average price is $61.91 and its 200 day moving average price is $67.36. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 52-week low of $55.97 and a 52-week high of $77.20.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm had revenue of $9.20 billion for the quarter, compared to analysts' expectations of $9.11 billion. During the same period in the previous year, the company earned $0.82 earnings per share. The company's quarterly revenue was up 1.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Mondelez International announced that its Board of Directors has initiated a stock buyback plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.24%. The ex-dividend date was Tuesday, December 31st. Mondelez International's dividend payout ratio (DPR) is 66.67%.

Analyst Ratings Changes

Several research firms have recently commented on MDLZ. UBS Group decreased their target price on shares of Mondelez International from $76.00 to $63.00 and set a "neutral" rating for the company in a research report on Thursday. Citigroup decreased 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. Redburn Atlantic began coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a "buy" rating and a $82.00 price objective for the company. Stifel Nicolaus lifted 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. Finally, The Goldman Sachs Group lowered their price target on Mondelez International from $79.00 to $68.00 and set a "buy" rating for the company in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Mondelez International presently has a consensus rating of "Moderate Buy" and a consensus target price of $74.93.

Mondelez International 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.