DnB Asset Management AS Grows Position in Mondelez International, Inc. (NASDAQ:MDLZ)

DnB Asset Management AS raised its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 8.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 298,679 shares of the company's stock after buying an additional 23,040 shares during the quarter. DnB Asset Management AS's holdings in Mondelez International were worth $17,840,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. United Bank grew its holdings in Mondelez International by 12.7% in the 3rd quarter. United Bank now owns 22,649 shares of the company's stock valued at $1,669,000 after buying an additional 2,549 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of Mondelez International in the third quarter valued at about $25,000. Townsquare Capital LLC increased its position in Mondelez International by 213.9% during the third quarter. Townsquare Capital LLC now owns 92,279 shares of the company's stock worth $6,798,000 after purchasing an additional 62,877 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in Mondelez International by 134.2% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 288,432 shares of the company's stock worth $21,249,000 after purchasing an additional 165,285 shares during the last quarter. Finally, CreativeOne Wealth LLC raised its stake in Mondelez International by 61.4% during the third quarter. CreativeOne Wealth LLC now owns 15,565 shares of the company's stock worth $1,147,000 after purchasing an additional 5,922 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

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Mondelez International Stock Down 2.2 %

Shares of MDLZ stock traded down $1.48 on Wednesday, reaching $66.17. 3,961,318 shares of the stock were exchanged, compared to its average volume of 7,929,566. The company has a market capitalization of $85.59 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 4.34 and a beta of 0.50. The business's 50 day moving average price is $62.65 and its 200 day moving average price is $64.65. 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.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. As a group, sell-side analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

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

Mondelez International Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently commented on MDLZ. Dbs Bank lowered Mondelez International from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 7th. The Goldman Sachs Group dropped their price target on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Barclays decreased their price objective on shares of Mondelez International from $69.00 to $63.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Jefferies Financial Group downgraded shares of Mondelez International from a "buy" rating to a "hold" rating and dropped their target price for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. Finally, Citigroup decreased their price target on Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. One investment 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's stock. Based on data from MarketBeat.com, Mondelez International currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.20.

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.