Atlas Legacy Advisors LLC Takes Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Atlas Legacy Advisors LLC acquired a new position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,292 shares of the company's stock, valued at approximately $256,000.

Several other institutional investors also recently modified their holdings of MDLZ. Bank of Jackson Hole Trust acquired a new position in shares of Mondelez International during the fourth quarter valued at about $261,000. Mcdonald Partners LLC raised its holdings in shares of Mondelez International by 39.5% during the fourth quarter. Mcdonald Partners LLC now owns 16,288 shares of the company's stock valued at $973,000 after purchasing an additional 4,608 shares during the period. Kentucky Retirement Systems Insurance Trust Fund raised its holdings in shares of Mondelez International by 57.0% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 62,107 shares of the company's stock valued at $3,710,000 after purchasing an additional 22,557 shares during the period. Buckingham Capital Management Inc. raised its holdings in shares of Mondelez International by 25.5% during the fourth quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock valued at $5,578,000 after purchasing an additional 18,961 shares during the period. Finally, Davidson Trust Co. raised its holdings in shares of Mondelez International by 6.8% during the fourth quarter. Davidson Trust Co. now owns 3,782 shares of the company's stock valued at $226,000 after purchasing an additional 240 shares during the period. Institutional investors own 78.32% of the company's stock.

Analyst Ratings Changes

MDLZ has been the topic of several research reports. Stifel Nicolaus dropped their price objective on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating on the stock in a report on Friday, January 24th. 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 report on Thursday, January 16th. Royal Bank of Canada lowered their target price on shares of Mondelez International from $75.00 to $69.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. Citigroup lowered their target price on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating on the stock in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Mondelez International presently has an average rating of "Moderate Buy" and a consensus target price of $69.74.

Mondelez International Price Performance

Shares of Mondelez International stock traded up $2.61 on Friday, hitting $64.78. 8,748,869 shares of the company traded hands, compared to its average volume of 10,903,854. The firm's 50-day simple moving average is $58.92 and its 200 day simple moving average is $65.94. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The company has a market cap of $83.79 billion, a P/E ratio of 18.93, a P/E/G ratio of 4.32 and a beta of 0.54. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06.

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 for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal 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 paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International's payout ratio is 54.97%.

Mondelez International announced that its Board of Directors has authorized a share repurchase plan on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company's management believes its stock is undervalued.

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.