China Universal Asset Management Co. Ltd. Buys 4,819 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

China Universal Asset Management Co. Ltd. raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 28.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,762 shares of the company's stock after purchasing an additional 4,819 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in Mondelez International were worth $1,309,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Czech National Bank boosted its holdings 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 buying an additional 17,815 shares in the last quarter. Legacy Private Trust Co. lifted its stake in Mondelez International by 33.2% during the fourth 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 last quarter. Kennedy Investment Group purchased a new position in shares of Mondelez International during the fourth quarter worth about $313,000. Benjamin Edwards Inc. boosted its holdings in Mondelez International by 1,904.9% during the third quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company's stock worth $31,369,000 after buying an additional 404,567 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its stake in shares of Mondelez International by 14.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company's stock worth $8,430,000 after purchasing an additional 14,278 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Performance

Shares of MDLZ traded up $0.40 on Wednesday, reaching $56.52. 13,542,685 shares of the stock traded hands, compared to its average volume of 10,403,275. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The stock's 50-day moving average price is $59.76 and its 200-day moving average price is $66.53. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The firm has a market cap of $75.57 billion, a price-to-earnings ratio of 20.05, a P/E/G ratio of 3.12 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. Equities analysts forecast that Mondelez International, Inc. will post 3.44 EPS for the current fiscal year.

Mondelez International announced that its Board of Directors has authorized a share repurchase program on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback 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 was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International's dividend payout ratio is currently 66.67%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MDLZ. Wells Fargo & Company dropped their price target on shares of Mondelez International from $61.00 to $54.00 and set an "equal weight" rating for the company in a research note on Wednesday. Piper Sandler cut shares of Mondelez International from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $70.00 to $63.00 in a research note on Friday, January 31st. The Goldman Sachs Group reduced their price objective on shares of Mondelez International from $79.00 to $68.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Bank of America raised their price objective on Mondelez International from $80.00 to $84.00 and gave the company a "buy" rating in a research report on Tuesday, October 15th. Finally, Jefferies Financial Group lowered shares of Mondelez International from a "buy" rating to a "hold" rating and reduced their price target for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $72.35.

Mondelez International Profile

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.