Cibc World Markets Corp Raises Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Cibc World Markets Corp raised its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 139.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,025,833 shares of the company's stock after buying an additional 596,865 shares during the quarter. Cibc World Markets Corp owned about 0.08% of Mondelez International worth $61,273,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of MDLZ. Canopy Partners LLC boosted 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 purchasing an additional 161 shares in the last quarter. Hardy Reed LLC boosted its position in shares of Mondelez International by 1.4% during the 3rd quarter. Hardy Reed LLC now owns 11,511 shares of the company's stock worth $848,000 after purchasing an additional 161 shares in the last quarter. Continuum Advisory LLC boosted 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 worth $187,000 after purchasing an additional 175 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of Mondelez International by 1.8% during the 4th quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company's stock worth $627,000 after purchasing an additional 181 shares in the last quarter. Finally, Traphagen Investment Advisors LLC boosted its position in shares of Mondelez International by 0.8% during the 4th quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company's stock worth $1,411,000 after purchasing an additional 187 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

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Mondelez International Trading Down 0.1 %

MDLZ traded down $0.05 during midday trading on Thursday, hitting $63.95. The company's stock had a trading volume of 6,013,620 shares, compared to its average volume of 7,432,299. 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 firm has a market cap of $82.72 billion, a P/E ratio of 18.70, a PEG ratio of 4.34 and a beta of 0.50. The firm has a 50-day moving average price of $61.07 and a two-hundred day moving average price of $65.24. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 EPS 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%. On average, research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International announced that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to buy up to 10.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board 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 issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.94%. The ex-dividend date is Monday, March 31st. Mondelez International's dividend payout ratio (DPR) is 54.97%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Dbs Bank lowered shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. The Goldman Sachs Group cut their price target on Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Mizuho lifted their price target on Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, February 14th. Citigroup cut their price target on Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Finally, UBS Group cut their price target 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.