Mcdonald Partners LLC Purchases 4,608 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Mcdonald Partners LLC grew its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 39.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,288 shares of the company's stock after acquiring an additional 4,608 shares during the quarter. Mcdonald Partners LLC's holdings in Mondelez International were worth $973,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Kentucky Retirement Systems Insurance Trust Fund raised its holdings in shares of Mondelez International by 57.0% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 62,107 shares of the company's stock worth $3,710,000 after buying an additional 22,557 shares in the last quarter. Buckingham Capital Management Inc. increased its holdings in Mondelez International by 25.5% during the 4th quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock valued at $5,578,000 after purchasing an additional 18,961 shares in the last quarter. Davidson Trust Co. increased its holdings in Mondelez International by 6.8% during the 4th quarter. Davidson Trust Co. now owns 3,782 shares of the company's stock valued at $226,000 after purchasing an additional 240 shares in the last quarter. Atria Wealth Solutions Inc. increased its holdings in Mondelez International by 10.2% during the 4th quarter. Atria Wealth Solutions Inc. now owns 90,157 shares of the company's stock valued at $5,414,000 after purchasing an additional 8,315 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS increased its holdings in Mondelez International by 24.1% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 62,796 shares of the company's stock valued at $3,751,000 after purchasing an additional 12,190 shares in the last quarter. Institutional investors own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a report on Wednesday, January 22nd. The Goldman Sachs Group lowered their target price on Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Citigroup lowered their target price on Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Jefferies Financial Group lowered Mondelez International from a "buy" rating to a "hold" rating and reduced their price target for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. Finally, Barclays reduced their price target on Mondelez International from $69.00 to $63.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $69.74.

Mondelez International Stock Up 4.1 %

Shares of Mondelez International stock traded up $2.53 during trading on Friday, reaching $64.70. The stock had a trading volume of 16,289,816 shares, compared to its average volume of 11,136,414. The company has a market capitalization of $83.69 billion, a price-to-earnings ratio of 18.92, a P/E/G ratio of 4.32 and a beta of 0.54. The stock has a fifty day moving average price of $58.98 and a two-hundred day moving average price of $65.91. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released 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 fiscal year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders 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 2.91%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International's dividend payout ratio (DPR) is presently 54.97%.

Mondelez International declared that its Board of Directors has authorized a share repurchase program on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership 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.