AXQ Capital LP Raises Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

AXQ Capital LP boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 200.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,004 shares of the company's stock after acquiring an additional 18,010 shares during the quarter. Mondelez International accounts for approximately 0.7% of AXQ Capital LP's investment portfolio, making the stock its 10th biggest position. AXQ Capital LP's holdings in Mondelez International were worth $1,613,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. increased its holdings in Mondelez International by 0.3% during the 4th quarter. American Century Companies Inc. now owns 6,323,554 shares of the company's stock worth $377,706,000 after purchasing an additional 21,473 shares during the period. Plancorp LLC increased its stake in shares of Mondelez International by 6.9% during the fourth quarter. Plancorp LLC now owns 9,411 shares of the company's stock worth $562,000 after buying an additional 605 shares during the period. Mizuho Securities USA LLC raised its holdings in Mondelez International by 46.3% in the fourth quarter. Mizuho Securities USA LLC now owns 126,736 shares of the company's stock valued at $7,570,000 after acquiring an additional 40,117 shares in the last quarter. Quantbot Technologies LP purchased a new position in Mondelez International in the fourth quarter worth approximately $213,000. Finally, Millstone Evans Group LLC acquired a new position in Mondelez International during the 4th quarter worth approximately $65,000. 78.32% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of research firms have recently commented on MDLZ. 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. Barclays dropped their price objective on Mondelez International from $69.00 to $63.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. Dbs Bank lowered Mondelez International from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 7th. Mizuho increased their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a report on Friday, February 14th. Finally, 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 report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Mondelez International has an average rating of "Moderate Buy" and an average price target of $69.70.

Mondelez International Price Performance

NASDAQ:MDLZ traded up $1.64 during mid-day trading on Wednesday, hitting $66.33. The company's stock had a trading volume of 9,109,703 shares, compared to its average volume of 7,498,609. 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 capitalization of $85.80 billion, a price-to-earnings ratio of 19.39, a P/E/G ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The stock has a fifty day moving average of $61.87 and a 200-day moving average of $64.92.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released 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%. As a group, equities analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.83%. 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 approved a share repurchase program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

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.