Hurley Capital LLC Takes $768,000 Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Hurley Capital LLC acquired a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 12,819 shares of the company's stock, valued at approximately $768,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. ICICI Prudential Asset Management Co Ltd increased its position in shares of Mondelez International by 430.0% during the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company's stock valued at $5,520,000 after purchasing an additional 74,975 shares during the period. Czech National Bank boosted its position in shares of Mondelez International by 6.5% during the 4th quarter. Czech National Bank now owns 289,931 shares of the company's stock valued at $17,318,000 after acquiring an additional 17,815 shares in the last quarter. Buckingham Capital Management Inc. increased its stake in Mondelez International by 25.5% in the fourth quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock valued at $5,578,000 after acquiring an additional 18,961 shares during the period. Legacy Private Trust Co. raised its position in Mondelez International by 33.2% in the fourth quarter. Legacy Private Trust Co. now owns 3,841 shares of the company's stock worth $229,000 after purchasing an additional 957 shares in the last quarter. Finally, Kennedy Investment Group bought a new position in Mondelez International during the fourth quarter worth about $313,000. Institutional investors own 78.32% of the company's stock.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ traded down $0.51 during trading hours on Thursday, reaching $65.68. 5,132,925 shares of the stock were exchanged, compared to its average volume of 8,029,957. The firm has a market capitalization of $84.96 billion, a price-to-earnings ratio of 19.21, a P/E/G ratio of 4.34 and a beta of 0.47. The stock's fifty day simple moving average is $63.99 and its 200 day simple moving average is $64.28. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06.

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Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results 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%. Sell-side analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International declared that its Board of Directors has approved a stock repurchase plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date is Monday, March 31st. Mondelez International's dividend payout ratio is currently 54.97%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. DZ Bank lowered Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price objective on the stock. in a research note on Friday, February 7th. Wells Fargo & Company upped their target price on shares of Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 2nd. Royal Bank of Canada cut their price target on shares of Mondelez International from $75.00 to $69.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. Mizuho lifted their target price on shares of Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, February 14th. Finally, Argus lowered Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $70.45.

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.