Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by Diversified Trust Co

Diversified Trust Co grew its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 85.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 41,574 shares of the company's stock after buying an additional 19,175 shares during the quarter. Diversified Trust Co's holdings in Mondelez International were worth $2,483,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Truvestments Capital LLC acquired a new position in Mondelez International in the third quarter valued at approximately $25,000. Prospera Private Wealth LLC purchased a new position in shares of Mondelez International during the 3rd quarter valued at approximately $27,000. Richardson Financial Services Inc. lifted its stake in shares of Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company's stock valued at $28,000 after purchasing an additional 200 shares during the period. Highline Wealth Partners LLC acquired a new position in shares of Mondelez International in the 3rd quarter valued at $38,000. Finally, Hara Capital LLC purchased a new stake in Mondelez International during the third quarter worth $45,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Price Performance

MDLZ remained flat at $58.29 on Wednesday. 8,330,810 shares of the company were exchanged, compared to its average volume of 8,420,057. Mondelez International, Inc. has a 52-week low of $57.67 and a 52-week high of $77.20. The firm has a market capitalization of $77.95 billion, a PE ratio of 20.67, a PEG ratio of 2.80 and a beta of 0.54. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The business has a fifty day moving average price of $63.04 and a two-hundred day moving average price of $67.71.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.14. The business had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business's revenue was up 1.9% on a year-over-year basis. During the same period last year, the company posted $0.82 EPS. As a group, research analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International declared that its Board of Directors has approved a share repurchase program on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Tuesday, December 31st. Mondelez International's dividend payout ratio (DPR) is presently 66.67%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $61.00 price objective (down previously from $74.00) on shares of Mondelez International in a report on Tuesday. Deutsche Bank Aktiengesellschaft lowered Mondelez International from a "buy" rating to a "hold" rating and cut their price target for the company from $78.00 to $67.00 in a research note on Thursday, December 12th. Evercore ISI raised their price objective on Mondelez International from $79.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, September 26th. Stifel Nicolaus boosted their price objective on Mondelez International from $75.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Finally, Redburn Atlantic started coverage on Mondelez International in a research report on Tuesday, October 22nd. They set a "buy" rating and a $82.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, Mondelez International currently has a consensus rating of "Moderate Buy" and a consensus target price of $77.64.

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.