Mitsubishi UFJ Trust & Banking Corp Boosts Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Mitsubishi UFJ Trust & Banking Corp boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 790,722 shares of the company's stock after acquiring an additional 21,883 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.06% of Mondelez International worth $47,230,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. ICICI Prudential Asset Management Co Ltd lifted its stake in Mondelez International by 430.0% in the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company's stock worth $5,520,000 after purchasing an additional 74,975 shares during the last quarter. Czech National Bank lifted its stake in shares of Mondelez International by 6.5% in the 4th quarter. Czech National Bank now owns 289,931 shares of the company's stock valued at $17,318,000 after acquiring an additional 17,815 shares during the last quarter. Buckingham Capital Management Inc. boosted 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 acquiring an additional 18,961 shares during the period. Legacy Private Trust Co. increased its stake in Mondelez International by 33.2% in the 4th quarter. Legacy Private Trust Co. now owns 3,841 shares of the company's stock worth $229,000 after purchasing an additional 957 shares during the period. Finally, Kennedy Investment Group bought a new stake in Mondelez International in the fourth quarter valued at approximately $313,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

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Analyst Ratings Changes

MDLZ has been the topic of several recent analyst reports. Jefferies Financial Group cut shares of Mondelez International from a "buy" rating to a "hold" rating and cut their target price for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. DZ Bank downgraded shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price objective for the company. in a research note on Friday, February 7th. Royal Bank of Canada cut their target price on Mondelez International from $75.00 to $69.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. Stifel Nicolaus reduced their price target on Mondelez International from $82.00 to $70.00 and set a "buy" rating on the stock in a report on Friday, January 24th. Finally, Wells Fargo & Company dropped their price objective on Mondelez International from $61.00 to $54.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. One equities research 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. Based on data from MarketBeat, Mondelez International currently has a consensus rating of "Moderate Buy" and an average price target of $69.50.

Mondelez International Stock Up 0.3 %

Shares of MDLZ traded up $0.22 on Friday, hitting $67.72. 11,564,303 shares of the stock traded hands, compared to its average volume of 7,922,538. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company has a market capitalization of $87.60 billion, a PE ratio of 19.80, a P/E/G ratio of 4.34 and a beta of 0.50. The business has a 50 day simple moving average of $62.25 and a 200 day simple moving average of $64.81. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68.

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 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%. As a group, equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued 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 2.78%. Mondelez International's payout ratio is 54.97%.

Mondelez International announced that its board has approved a share repurchase 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 generally an indication that the company's management believes its stock is 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.