Magnetar Financial LLC Acquires 54,864 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Magnetar Financial LLC grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 355.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,307 shares of the company's stock after acquiring an additional 54,864 shares during the quarter. Magnetar Financial LLC's holdings in Mondelez International were worth $4,199,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. United Bank raised its holdings in Mondelez International by 12.7% during the third quarter. United Bank now owns 22,649 shares of the company's stock worth $1,669,000 after acquiring an additional 2,549 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Mondelez International by 13.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 197,964 shares of the company's stock worth $14,584,000 after purchasing an additional 23,497 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of Mondelez International in the 3rd quarter valued at approximately $27,000. Strategy Asset Managers LLC boosted its holdings in shares of Mondelez International by 6.6% in the 3rd quarter. Strategy Asset Managers LLC now owns 8,526 shares of the company's stock valued at $628,000 after buying an additional 528 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of Mondelez International by 8.2% in the third quarter. First Horizon Advisors Inc. now owns 10,318 shares of the company's stock valued at $760,000 after buying an additional 780 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

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Mondelez International Price Performance

Shares of MDLZ stock traded down $0.26 during trading on Tuesday, hitting $64.69. The company had a trading volume of 7,459,041 shares, compared to its average volume of 7,507,820. The firm has a market capitalization of $83.68 billion, a P/E ratio of 18.92, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. 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's 50-day moving average price is $61.52 and its 200 day moving average price is $64.99.

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

Mondelez International Dividend Announcement

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

Mondelez International announced that its Board of Directors has authorized a share buyback program on Wednesday, December 11th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several analyst reports. Barclays dropped their price target on shares of Mondelez International from $69.00 to $63.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. DZ Bank downgraded shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 target price for the company. in a research note on Friday, February 7th. The Goldman Sachs Group lowered their price target on Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Wells Fargo & Company cut their price objective on Mondelez International from $61.00 to $54.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Mondelez International from $67.00 to $62.00 and set a "hold" rating on the stock in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $69.70.

Mondelez International 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.