Diametric Capital LP Purchases Shares of 3,813 Mondelez International, Inc. (NASDAQ:MDLZ)

Diametric Capital LP acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,813 shares of the company's stock, valued at approximately $228,000.

A number of other institutional investors have also bought and sold shares of the business. Marshall Investment Management LLC acquired a new stake in shares of Mondelez International in the fourth quarter valued at approximately $26,000. Hager Investment Management Services LLC acquired a new stake in shares of Mondelez International in the 4th quarter worth $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Mondelez International during the 4th quarter worth $31,000. McClarren Financial Advisors Inc. acquired a new position in shares of Mondelez International during the 4th quarter valued at about $32,000. Finally, Sierra Ocean LLC purchased a new stake in shares of Mondelez International in the fourth quarter valued at about $32,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Down 2.3 %

MDLZ traded down $1.59 on Friday, hitting $66.31. 13,786,976 shares of the company were exchanged, compared to its average volume of 7,973,730. The firm has a 50-day moving average price of $63.25 and a two-hundred day moving average price of $64.54. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a market cap of $85.77 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47.

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Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data 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 return on equity of 16.75% and a net margin of 12.68%. On average, equities analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International declared that its board has approved a stock repurchase plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a $0.47 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.84%. Mondelez International's payout ratio is 54.97%.

Analyst Ratings Changes

MDLZ has been the topic of a number of analyst reports. Stifel Nicolaus reduced their target price on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft decreased their price objective on Mondelez International from $67.00 to $62.00 and set a "hold" rating on the stock in a report on Wednesday, January 22nd. UBS Group reduced their target price on Mondelez International from $76.00 to $63.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company increased their price target on Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a report on Wednesday. Finally, Citigroup decreased their target price on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $70.20.

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.