Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 27.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 78,697 shares of the company's stock after purchasing an additional 17,166 shares during the period. Harvest Fund Management Co. Ltd's holdings in Mondelez International were worth $4,643,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. ICICI Prudential Asset Management Co Ltd increased its stake in shares of Mondelez International by 430.0% during the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company's stock valued at $5,520,000 after buying an additional 74,975 shares during the period. Czech National Bank increased its position in Mondelez International by 6.5% during the 4th quarter. Czech National Bank now owns 289,931 shares of the company's stock valued at $17,318,000 after purchasing an additional 17,815 shares during the period. Buckingham Capital Management Inc. raised its holdings in shares of Mondelez International by 25.5% in the 4th quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock valued at $5,578,000 after purchasing an additional 18,961 shares in the last quarter. Legacy Private Trust Co. lifted its position in shares of 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 position in shares of Mondelez International during the fourth quarter valued at approximately $313,000. Institutional investors own 78.32% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Mizuho boosted their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, February 14th. Royal Bank of Canada decreased their price objective on Mondelez International from $75.00 to $69.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Wells Fargo & Company dropped their price objective on Mondelez International from $61.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Stifel Nicolaus reduced their target price on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating for the company in a report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating on the stock in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $69.74.

Mondelez International Price Performance

Shares of MDLZ traded up $0.56 during trading hours on Friday, hitting $64.51. 25,429,793 shares of the stock were exchanged, compared to its average volume of 7,508,716. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a market cap of $83.45 billion, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The stock's 50-day moving average price is $61.35 and its two-hundred day moving average price is $65.13.

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 net margin of 12.68% and a return on equity of 16.75%. Research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International declared that its board has approved 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 purchase up to 10.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors 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 payout ratio is 54.97%.

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.