Liberty One Investment Management LLC Boosts Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Liberty One Investment Management LLC raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 358,295 shares of the company's stock after buying an additional 11,946 shares during the period. Mondelez International comprises about 2.3% of Liberty One Investment Management LLC's holdings, making the stock its 22nd largest position. Liberty One Investment Management LLC's holdings in Mondelez International were worth $21,401,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MDLZ. Mercer Global Advisors Inc. ADV raised its holdings in shares of Mondelez International by 9.1% in the second quarter. Mercer Global Advisors Inc. ADV now owns 134,317 shares of the company's stock valued at $8,790,000 after buying an additional 11,234 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of Mondelez International by 27.8% in the 2nd quarter. Intech Investment Management LLC now owns 116,446 shares of the company's stock worth $7,620,000 after acquiring an additional 25,311 shares during the period. Brighton Jones LLC boosted its holdings in shares of Mondelez International by 3.5% in the second quarter. Brighton Jones LLC now owns 8,665 shares of the company's stock valued at $567,000 after acquiring an additional 297 shares in the last quarter. Ieq Capital LLC increased its stake in shares of Mondelez International by 2.7% during the second quarter. Ieq Capital LLC now owns 110,481 shares of the company's stock worth $7,230,000 after acquiring an additional 2,907 shares during the period. Finally, Bridges Investment Management Inc. raised its holdings in Mondelez International by 74.3% during the second quarter. Bridges Investment Management Inc. now owns 22,216 shares of the company's stock worth $1,454,000 after purchasing an additional 9,473 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Trading Down 0.2 %

Shares of MDLZ traded down $0.14 during mid-day trading on Friday, hitting $57.86. The company had a trading volume of 12,663,200 shares, compared to its average volume of 8,683,674. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The stock has a market cap of $77.37 billion, a PE ratio of 20.52, a P/E/G ratio of 2.99 and a beta of 0.54. The business's 50-day simple moving average is $61.59 and its 200-day simple moving average is $67.25. Mondelez International, Inc. has a 1-year low of $55.97 and a 1-year high of $77.20.

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 analysts' consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. During the same period last year, the business posted $0.82 EPS. The company's quarterly revenue was up 1.9% compared to the same quarter last year. Sell-side analysts forecast that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

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

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date was Tuesday, December 31st. Mondelez International's dividend payout ratio is presently 66.67%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Evercore ISI upped their target price on Mondelez International from $79.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, September 26th. Stifel Nicolaus raised 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. Redburn Atlantic initiated coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They issued a "buy" rating and a $82.00 price target on the stock. Bank of America raised their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. Finally, UBS Group reduced their target price on Mondelez International from $76.00 to $63.00 and set a "neutral" rating on the stock in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $74.93.

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.