ICICI Prudential Asset Management Co Ltd Grows Position in Mondelez International, Inc. (NASDAQ:MDLZ)

ICICI Prudential Asset Management Co Ltd increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 430.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,413 shares of the company's stock after purchasing an additional 74,975 shares during the quarter. ICICI Prudential Asset Management Co Ltd's holdings in Mondelez International were worth $5,520,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MDLZ. Truvestments Capital LLC purchased a new position in shares of Mondelez International in the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC bought a new stake in Mondelez International during the 3rd quarter valued at $27,000. Richardson Financial Services Inc. raised its position in Mondelez International by 100.0% during 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 in the last quarter. Hager Investment Management Services LLC bought a new position in shares of Mondelez International in the 4th quarter worth $27,000. Finally, Highline Wealth Partners LLC bought a new position in shares of Mondelez International in the 3rd quarter worth $38,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Stifel Nicolaus dropped their target price on Mondelez International from $82.00 to $70.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company dropped their price target on Mondelez International from $61.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. DZ Bank cut Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price objective for the company. in a report on Friday, February 7th. The Goldman Sachs Group decreased their price objective on Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Finally, Mizuho upped their price target on Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Mondelez International presently has an average rating of "Moderate Buy" and a consensus target price of $69.74.

Mondelez International Trading Up 4.1 %

Shares of MDLZ stock traded up $2.53 on Friday, hitting $64.70. 15,972,494 shares of the stock traded hands, compared to its average volume of 10,943,437. The firm's 50-day moving average price is $58.92 and its two-hundred day moving average price is $65.94. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The stock has a market capitalization of $83.69 billion, a PE ratio of 18.92, a PEG ratio of 4.32 and a beta of 0.54. 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 announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. As a group, analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.91%. Mondelez International's payout ratio is currently 54.97%.

Mondelez International announced that its Board of Directors has initiated a stock buyback program on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 10.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board believes its shares are undervalued.

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.