Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Guinness Asset Management LTD

Guinness Asset Management LTD lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 5.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,065,411 shares of the company's stock after buying an additional 152,537 shares during the quarter. Mondelez International comprises about 3.4% of Guinness Asset Management LTD's holdings, making the stock its 17th biggest holding. Guinness Asset Management LTD owned 0.23% of Mondelez International worth $183,062,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. State Street Corp increased its holdings in shares of Mondelez International by 3.2% in the 3rd quarter. State Street Corp now owns 60,151,987 shares of the company's stock valued at $4,459,239,000 after acquiring an additional 1,851,247 shares during the period. Geode Capital Management LLC increased its stake in Mondelez International by 1.2% in the third quarter. Geode Capital Management LLC now owns 28,204,955 shares of the company's stock valued at $2,069,906,000 after purchasing an additional 341,203 shares during the period. FMR LLC increased its stake in Mondelez International by 14.2% in the third quarter. FMR LLC now owns 18,255,657 shares of the company's stock valued at $1,344,894,000 after purchasing an additional 2,268,639 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Mondelez International by 2.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company's stock valued at $1,268,242,000 after buying an additional 489,068 shares during the last quarter. Finally, Mizuho Securities USA LLC boosted its stake in shares of Mondelez International by 12,057.4% during the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company's stock worth $926,327,000 after buying an additional 12,470,573 shares during the period. Institutional investors and hedge funds own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

MDLZ has been the topic of several recent research reports. Evercore ISI boosted their price target on Mondelez International from $79.00 to $85.00 and gave the company an "outperform" rating in a research report on Thursday, September 26th. Wells Fargo & Company reissued an "equal weight" rating and issued a $61.00 target price (down previously from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. Redburn Atlantic began coverage on Mondelez International in a report on Tuesday, October 22nd. They set a "buy" rating and a $82.00 price target for the company. Deutsche Bank Aktiengesellschaft cut shares of Mondelez International from a "buy" rating to a "hold" rating and dropped their price objective for the company from $78.00 to $67.00 in a research note on Thursday, December 12th. Finally, Stifel Nicolaus lifted their target price on shares of Mondelez International from $75.00 to $82.00 and gave the company a "buy" rating in a report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $74.93.

Mondelez International Price Performance

MDLZ traded down $0.14 during trading on Monday, reaching $57.86. 12,663,200 shares of the stock were exchanged, compared to its average volume of 8,683,674. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The company has a market capitalization of $77.37 billion, a price-to-earnings ratio of 20.52, a P/E/G ratio of 2.99 and a beta of 0.54. Mondelez International, Inc. has a 1 year low of $55.97 and a 1 year high of $77.20. The business's 50 day moving average price is $61.59 and its two-hundred day moving average price is $67.26.

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

Mondelez International declared that its board has authorized a stock repurchase program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.25%. Mondelez International's dividend payout ratio is currently 66.67%.

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.