KLP Kapitalforvaltning AS Acquires New Shares in Mondelez International, Inc. (NASDAQ:MDLZ)

KLP Kapitalforvaltning AS acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 514,204 shares of the company's stock, valued at approximately $30,919,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in MDLZ. State Street Corp grew its position in Mondelez International by 3.2% in the third 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 last quarter. Geode Capital Management LLC boosted its stake in shares of Mondelez International by 1.2% in the 3rd 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 in the last quarter. FMR LLC grew its holdings in shares of Mondelez International by 14.2% during the 3rd 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 last quarter. Bank of New York Mellon Corp increased its position in Mondelez International by 3.3% during the 4th quarter. Bank of New York Mellon Corp now owns 10,354,236 shares of the company's stock worth $618,458,000 after purchasing an additional 326,177 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Mondelez International by 0.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,878,471 shares of the company's stock valued at $654,077,000 after purchasing an additional 59,098 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of research reports. Mizuho boosted their target price on shares of Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, February 14th. Morgan Stanley initiated coverage on Mondelez International in a report on Monday. They issued an "overweight" rating and a $69.00 target price for the company. Wells Fargo & Company cut 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. Argus downgraded Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Finally, Dbs Bank downgraded shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $69.70.

Mondelez International Stock Performance

Shares of Mondelez International stock traded down $0.26 during trading hours on Tuesday, hitting $64.69. 7,454,532 shares of the company's stock traded hands, compared to its average volume of 10,798,230. The company has a fifty day simple moving average of $61.52 and a 200-day simple moving average of $64.99. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The stock has a market capitalization of $83.68 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 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%. Equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.91%. Mondelez International's payout ratio is 54.97%.

Mondelez International declared that its board has approved a stock buyback program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

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.