D.A. Davidson & CO. Grows Position in Mondelez International, Inc. (NASDAQ:MDLZ)

D.A. Davidson & CO. grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 11.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 59,901 shares of the company's stock after acquiring an additional 6,154 shares during the quarter. D.A. Davidson & CO.'s holdings in Mondelez International were worth $3,578,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of MDLZ. Hazlett Burt & Watson Inc. increased its holdings in Mondelez International by 16.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company's stock worth $78,000 after purchasing an additional 150 shares in the last quarter. Canopy Partners LLC lifted its stake in shares of Mondelez International by 1.2% in the third quarter. Canopy Partners LLC now owns 13,335 shares of the company's stock worth $982,000 after acquiring an additional 161 shares during the period. Hardy Reed LLC lifted its stake in shares of Mondelez International by 1.4% in the third quarter. Hardy Reed LLC now owns 11,511 shares of the company's stock worth $848,000 after acquiring an additional 161 shares during the period. Interchange Capital Partners LLC lifted its stake in shares of Mondelez International by 4.9% in the third quarter. Interchange Capital Partners LLC now owns 3,490 shares of the company's stock worth $257,000 after acquiring an additional 163 shares during the period. Finally, Avidian Wealth Enterprises LLC lifted its stake in shares of Mondelez International by 2.2% in the third quarter. Avidian Wealth Enterprises LLC now owns 7,641 shares of the company's stock worth $563,000 after acquiring an additional 163 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Performance

NASDAQ:MDLZ traded up $2.53 during trading on Friday, reaching $64.70. The company's stock had a trading volume of 16,289,816 shares, compared to its average volume of 11,136,414. The firm has a market cap of $83.69 billion, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 4.32 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The firm has a 50 day moving average of $58.92 and a 200-day moving average of $65.94. 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 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 net margin of 12.68% and a return on equity of 16.75%. Research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International declared that its Board of Directors has approved a share repurchase plan on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits 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 board of directors believes its shares are undervalued.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.91%. Mondelez International's dividend payout ratio is presently 54.97%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Argus lowered Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday. Dbs Bank lowered Mondelez International from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft cut their price objective on Mondelez International from $67.00 to $62.00 and set a "hold" rating on the stock in a research note on Wednesday, January 22nd. Stifel Nicolaus cut their price objective on Mondelez International from $82.00 to $70.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. Finally, Royal Bank of Canada dropped their price target on Mondelez International from $75.00 to $69.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. One investment 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $69.74.

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.