American Century Companies Inc. Increases Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

American Century Companies Inc. grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,323,554 shares of the company's stock after buying an additional 21,473 shares during the quarter. American Century Companies Inc. owned 0.47% of Mondelez International worth $377,706,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. United Bank lifted its stake in Mondelez International by 12.7% in the third quarter. United Bank now owns 22,649 shares of the company's stock valued at $1,669,000 after purchasing an additional 2,549 shares during the last quarter. Prospera Private Wealth LLC purchased a new stake in Mondelez International in the 3rd quarter worth about $27,000. First Horizon Advisors Inc. boosted its position in Mondelez International by 8.2% during the third quarter. First Horizon Advisors Inc. now owns 10,318 shares of the company's stock worth $760,000 after purchasing an additional 780 shares during the period. Citizens Financial Group Inc. RI increased its stake in shares of Mondelez International by 4.6% in the third quarter. Citizens Financial Group Inc. RI now owns 95,093 shares of the company's stock worth $7,028,000 after purchasing an additional 4,150 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Mondelez International by 2.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,036,754 shares of the company's stock valued at $76,378,000 after purchasing an additional 29,204 shares during the period. Hedge funds and other institutional investors own 78.32% of the company's stock.

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Mondelez International Trading Down 0.5 %

Shares of NASDAQ MDLZ traded down $0.36 during trading hours on Tuesday, hitting $64.60. The company's stock had a trading volume of 2,026,420 shares, compared to its average volume of 7,507,820. The stock has a market cap of $83.56 billion, a price-to-earnings ratio of 18.89, a P/E/G ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The business has a 50-day simple moving average of $61.52 and a 200-day simple moving average of $64.99. 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 released 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 return on equity of 16.75% and a net margin of 12.68%. On average, analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International announced that its board has authorized a stock repurchase program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

Mondelez International Announces Dividend

The firm also recently disclosed 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 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%.

Analysts Set New Price Targets

MDLZ has been the subject of a number of analyst reports. Royal Bank of Canada cut their price target on Mondelez International from $75.00 to $69.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. The Goldman Sachs Group reduced their target price on Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating on the stock in a report on Wednesday, January 22nd. Dbs Bank lowered Mondelez International from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 7th. Finally, DZ Bank cut shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price objective on the stock. in a research report on Friday, February 7th. One 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 $69.70.

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.