Northwest & Ethical Investments L.P. Raises Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Northwest & Ethical Investments L.P. boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 238.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 85,936 shares of the company's stock after purchasing an additional 60,522 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in Mondelez International were worth $5,133,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MDLZ. United Bank increased its stake in Mondelez International by 12.7% during the 3rd quarter. United Bank now owns 22,649 shares of the company's stock worth $1,669,000 after buying an additional 2,549 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Mondelez International by 13.5% during the third 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 position in Mondelez International in the 3rd quarter valued at $27,000. Strategy Asset Managers LLC lifted its holdings in 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 purchasing an additional 528 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in Mondelez International by 8.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 10,318 shares of the company's stock valued at $760,000 after purchasing an additional 780 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

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Mondelez International Trading Down 0.4 %

MDLZ traded down $0.26 during mid-day trading on Tuesday, hitting $64.69. 7,459,041 shares of the stock were exchanged, compared to its average volume of 7,507,820. The firm's fifty day moving average is $61.52 and its two-hundred day moving average is $64.99. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The company has a market cap of $83.68 billion, a PE ratio of 18.92, a PEG ratio of 4.34 and a beta of 0.50. 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 posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing the consensus estimate 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 earnings per share for the current fiscal year.

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

Mondelez International Dividend Announcement

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 given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International's dividend payout ratio is currently 54.97%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company reduced their target price on shares of 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. Royal Bank of Canada cut their price objective on shares of Mondelez International from $75.00 to $69.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. Dbs Bank lowered shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 7th. DZ Bank lowered Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price target for the company. in a research report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft cut 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Mondelez International presently has a consensus rating of "Moderate Buy" and an average price target of $69.70.

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.