Mizuho Securities USA LLC Grows Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Mizuho Securities USA LLC increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 46.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 126,736 shares of the company's stock after acquiring an additional 40,117 shares during the quarter. Mizuho Securities USA LLC's holdings in Mondelez International were worth $7,570,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Truvestments Capital LLC acquired a new position in shares of Mondelez International during the third quarter worth $25,000. Marshall Investment Management LLC acquired a new position in Mondelez International during the 4th quarter valued at about $26,000. Prospera Private Wealth LLC purchased a new stake in Mondelez International in the third quarter valued at about $27,000. Hager Investment Management Services LLC purchased a new stake in shares of Mondelez International during the fourth quarter worth about $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Mondelez International during the fourth quarter valued at about $31,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Price Performance

NASDAQ MDLZ traded up $1.17 during trading hours on Thursday, hitting $67.50. 9,020,792 shares of the company's stock traded hands, compared to its average volume of 7,506,248. The company has a market capitalization of $87.31 billion, a PE ratio of 19.74, a PEG ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The firm's 50-day moving average is $61.87 and its 200-day moving average is $64.92.

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Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly 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%. Equities analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International announced that its Board of Directors has authorized a share buyback plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.

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 given 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 2.79%. Mondelez International's payout ratio is 54.97%.

Analysts Set New Price Targets

A number of analysts have commented on MDLZ shares. Royal Bank of Canada lowered their price target on Mondelez International from $75.00 to $69.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. The Goldman Sachs Group dropped their target price 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. UBS Group reduced their price target on shares of Mondelez International from $76.00 to $63.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus dropped their price objective on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating on the stock in a report on Friday, January 24th. Finally, Mizuho raised their target price on shares of 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 given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.50.

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.