Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Amundi

Amundi lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 20.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,856,534 shares of the company's stock after purchasing an additional 478,225 shares during the quarter. Amundi owned about 0.21% of Mondelez International worth $166,507,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of MDLZ. Leavell Investment Management Inc. raised its stake in shares of Mondelez International by 3.3% during the third quarter. Leavell Investment Management Inc. now owns 11,022 shares of the company's stock worth $817,000 after purchasing an additional 352 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in Mondelez International during the third quarter worth $423,000. United Bank grew its holdings in Mondelez International by 12.7% during the third quarter. United Bank now owns 22,649 shares of the company's stock worth $1,669,000 after acquiring an additional 2,549 shares during the period. Verdence Capital Advisors LLC grew its holdings in Mondelez International by 1.1% during the third quarter. Verdence Capital Advisors LLC now owns 15,396 shares of the company's stock worth $1,134,000 after acquiring an additional 173 shares during the period. Finally, Assetmark Inc. grew its holdings in Mondelez International by 6.5% during the third quarter. Assetmark Inc. now owns 96,741 shares of the company's stock worth $7,127,000 after acquiring an additional 5,892 shares during the period. Hedge funds and other institutional investors own 78.32% of the company's stock.

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Mondelez International Price Performance

Mondelez International stock traded up $0.41 during midday trading on Monday, reaching $68.15. 14,062,837 shares of the company were exchanged, compared to its average volume of 7,465,667. The company has a market capitalization of $88.15 billion, a price-to-earnings ratio of 19.93, a P/E/G ratio of 4.34 and a beta of 0.50. The firm's 50-day simple moving average is $60.23 and its 200-day simple moving average is $65.50. 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 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 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%. On average, analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International announced that its Board of Directors has initiated a share 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 purchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

Mondelez International Dividend Announcement

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 2.76%. The ex-dividend date is Monday, March 31st. Mondelez International's payout ratio is 54.97%.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of recent analyst reports. Argus lowered Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Barclays dropped their price objective on Mondelez International from $69.00 to $63.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Wells Fargo & Company dropped their price objective on Mondelez International from $61.00 to $54.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. The Goldman Sachs Group dropped their price objective on Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Finally, Royal Bank of Canada lowered their target price on Mondelez International from $75.00 to $69.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Mondelez International currently has an average rating of "Moderate Buy" and a consensus price target of $69.74.

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.