Crossmark Global Holdings Inc. Grows Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Crossmark Global Holdings Inc. grew its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 7.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 278,497 shares of the company's stock after buying an additional 19,506 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Mondelez International were worth $16,634,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Mitchell & Pahl Private Wealth LLC lifted its position in shares of Mondelez International by 6.7% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 41,810 shares of the company's stock valued at $2,497,000 after buying an additional 2,643 shares in the last quarter. ZWJ Investment Counsel Inc. increased its stake in shares of Mondelez International by 2.5% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 674,877 shares of the company's stock worth $40,310,000 after purchasing an additional 16,168 shares in the last quarter. Addenda Capital Inc. increased its stake in shares of Mondelez International by 0.3% during the fourth quarter. Addenda Capital Inc. now owns 113,308 shares of the company's stock worth $6,813,000 after purchasing an additional 355 shares in the last quarter. Sky Investment Group LLC lifted its stake in Mondelez International by 11.6% in the 4th quarter. Sky Investment Group LLC now owns 47,291 shares of the company's stock valued at $2,825,000 after buying an additional 4,925 shares in the last quarter. Finally, Guinness Atkinson Asset Management Inc boosted its holdings in Mondelez International by 23.4% in the 4th quarter. Guinness Atkinson Asset Management Inc now owns 15,704 shares of the company's stock worth $938,000 after buying an additional 2,977 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MDLZ shares. Citigroup decreased their target price on Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Jefferies Financial Group lowered Mondelez International from a "buy" rating to a "hold" rating and decreased their price objective for the company from $75.00 to $62.00 in a report on Tuesday. Evercore ISI increased their target price on shares of Mondelez International from $79.00 to $85.00 and gave the company an "outperform" rating in a research report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft downgraded shares of Mondelez International from a "buy" rating to a "hold" rating and decreased their price target for the stock from $78.00 to $67.00 in a research note on Thursday, December 12th. Finally, Bank of America upped their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $74.13.

Mondelez International Trading Up 0.3 %

Shares of MDLZ traded up $0.15 during trading on Tuesday, reaching $58.01. 2,538,111 shares of the company traded hands, compared to its average volume of 9,616,507. The stock has a 50-day simple moving average of $61.43 and a 200-day simple moving average of $67.20. The stock has a market cap of $77.57 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54. Mondelez International, Inc. has a twelve month low of $55.97 and a twelve month high of $77.20. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.14. The company had revenue of $9.20 billion during the quarter, compared to analysts' expectations of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. Mondelez International's revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the business posted $0.82 EPS. On average, analysts anticipate that Mondelez International, Inc. will post 3.47 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date was Tuesday, December 31st. Mondelez International's dividend payout ratio is currently 66.67%.

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

Mondelez International Company 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.