Rhumbline Advisers Buys 37,897 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Rhumbline Advisers lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,742,126 shares of the company's stock after acquiring an additional 37,897 shares during the period. Rhumbline Advisers owned approximately 0.21% of Mondelez International worth $163,787,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. PUREfi Wealth LLC bought a new stake in Mondelez International in the 4th quarter worth about $383,000. Bank Pictet & Cie Europe AG grew its position in Mondelez International by 1.1% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 334,994 shares of the company's stock worth $20,009,000 after purchasing an additional 3,706 shares in the last quarter. Valeo Financial Advisors LLC grew its position in Mondelez International by 13.9% in the 4th quarter. Valeo Financial Advisors LLC now owns 38,381 shares of the company's stock worth $2,293,000 after purchasing an additional 4,683 shares in the last quarter. Asset Planning Inc bought a new stake in Mondelez International in the 4th quarter worth about $43,000. Finally, V Square Quantitative Management LLC grew its position in Mondelez International by 28.0% in the 4th quarter. V Square Quantitative Management LLC now owns 7,346 shares of the company's stock worth $439,000 after purchasing an additional 1,606 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Performance

Shares of MDLZ stock traded up $0.78 during trading on Wednesday, reaching $61.96. 7,671,179 shares of the company's stock traded hands, compared to its average volume of 11,025,266. The company has a market capitalization of $80.14 billion, a P/E ratio of 18.12, a PEG ratio of 4.24 and a beta of 0.54. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The firm's 50-day moving average is $58.95 and its 200 day moving average is $66.00. 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 earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Equities research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

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

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International's dividend payout ratio is presently 54.97%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Dbs Bank downgraded shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. Wells Fargo & Company reduced their price objective 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 reduced their price objective on shares of Mondelez International from $75.00 to $69.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. Stifel Nicolaus dropped their target price on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. Finally, 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 note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Mondelez International currently has an average rating of "Moderate Buy" and an average target price of $69.74.

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.