New Age Alpha Advisors LLC Purchases 45,261 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

New Age Alpha Advisors LLC raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 18,702.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,503 shares of the company's stock after acquiring an additional 45,261 shares during the quarter. New Age Alpha Advisors LLC's holdings in Mondelez International were worth $2,718,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MDLZ. Weik Capital Management increased its stake in shares of Mondelez International by 4.4% during the fourth quarter. Weik Capital Management now owns 19,735 shares of the company's stock worth $1,179,000 after purchasing an additional 835 shares during the period. Cincinnati Specialty Underwriters Insurance CO boosted its position in shares of Mondelez International by 37.5% in the fourth quarter. Cincinnati Specialty Underwriters Insurance CO now owns 55,000 shares of the company's stock valued at $3,285,000 after acquiring an additional 15,000 shares during the period. Norges Bank acquired a new position in shares of Mondelez International during the 4th quarter worth approximately $1,118,755,000. Caisse Des Depots ET Consignations acquired a new stake in Mondelez International during the fourth quarter worth approximately $3,067,000. Finally, Blair William & Co. IL increased its stake in Mondelez International by 2.3% during the 4th quarter. Blair William & Co. IL now owns 295,333 shares of the company's stock worth $17,640,000 after acquiring an additional 6,658 shares during the period. 78.32% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

A number of analysts have recently weighed in on MDLZ shares. Jefferies Financial Group downgraded Mondelez International from a "buy" rating to a "hold" rating and cut their target price for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. Citigroup reduced their price objective on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Mizuho boosted their target price on shares of Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a research report on Friday, February 14th. Stifel Nicolaus reduced their price target on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Finally, Wells Fargo & Company boosted their price objective on shares of Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $70.20.

Mondelez International Trading Up 3.7 %

NASDAQ MDLZ traded up $2.44 on Thursday, hitting $68.57. The company's stock had a trading volume of 3,821,163 shares, compared to its average volume of 10,649,020. The firm has a market cap of $88.70 billion, a PE ratio of 20.05, a PEG ratio of 4.34 and a beta of 0.50. The company's 50-day moving average is $62.85 and its 200 day moving average is $64.66. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. As a group, analysts predict 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. Investors of record on Monday, March 31st will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International's dividend payout ratio is currently 54.97%.

Mondelez International declared that its board has initiated a stock repurchase program on Wednesday, December 11th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its shares are undervalued.

Mondelez International Company 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.