Andra AP fonden Purchases New Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Andra AP fonden purchased a new stake 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 and Exchange Commission (SEC). The institutional investor purchased 46,700 shares of the company's stock, valued at approximately $2,789,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Canopy Partners LLC grew its position in shares of Mondelez International by 1.2% during the 3rd quarter. Canopy Partners LLC now owns 13,335 shares of the company's stock worth $982,000 after buying an additional 161 shares during the period. Hardy Reed LLC boosted its stake in Mondelez International by 1.4% in the third quarter. Hardy Reed LLC now owns 11,511 shares of the company's stock valued at $848,000 after acquiring an additional 161 shares during the last quarter. Verdence Capital Advisors LLC grew its holdings in Mondelez International by 1.1% during the 3rd 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. Continuum Advisory LLC raised its position in shares of Mondelez International by 7.4% during the 3rd quarter. Continuum Advisory LLC now owns 2,542 shares of the company's stock valued at $187,000 after acquiring an additional 175 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in shares of Mondelez International by 1.8% in the 4th quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company's stock valued at $627,000 after purchasing an additional 181 shares during the period. Institutional investors and hedge funds own 78.32% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Mizuho upped their price objective on Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a report on Friday, February 14th. Wells Fargo & Company lowered their price objective on shares of Mondelez International from $61.00 to $54.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Royal Bank of Canada reduced 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. UBS Group decreased their target price on Mondelez International from $76.00 to $63.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Finally, Argus lowered Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.74.

Mondelez International Stock Down 3.2 %

Shares of NASDAQ:MDLZ traded down $2.18 during midday trading on Wednesday, reaching $65.67. The company had a trading volume of 1,695,347 shares, compared to its average volume of 7,463,998. The business's 50 day moving average price is $60.39 and its 200 day moving average price is $65.48. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock has a market cap of $84.94 billion, a PE ratio of 19.25, a P/E/G ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced 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%. Research analysts forecast that Mondelez International, Inc. will post 2.9 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 shares. This repurchase authorization permits the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

Mondelez International Dividend Announcement

The company 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 2.86%. The ex-dividend date is Monday, March 31st. Mondelez International's dividend payout ratio is currently 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.