CIBC Asset Management Inc Has $52.75 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

CIBC Asset Management Inc lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 20.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 884,268 shares of the company's stock after selling 229,144 shares during the period. CIBC Asset Management Inc owned 0.07% of Mondelez International worth $52,748,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MDLZ. Truvestments Capital LLC acquired a new position in Mondelez International during the 3rd quarter worth $25,000. Prospera Private Wealth LLC acquired a new position in Mondelez International during the 3rd quarter worth $27,000. Hager Investment Management Services LLC acquired a new position in Mondelez International during the 4th quarter worth $27,000. Richardson Financial Services Inc. lifted its position in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company's stock worth $28,000 after acquiring an additional 200 shares during the last quarter. Finally, McClarren Financial Advisors Inc. acquired a new position in Mondelez International during the 4th quarter worth $32,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Price Performance

Mondelez International stock traded up $0.24 during trading hours on Thursday, hitting $62.17. 9,533,516 shares of the stock were exchanged, compared to its average volume of 10,980,255. 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 has a market capitalization of $80.42 billion, a P/E ratio of 18.18, a P/E/G ratio of 4.27 and a beta of 0.54. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The business's 50-day moving average is $58.93 and its two-hundred day moving average is $65.97.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 EPS 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%. Equities research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International announced that its board has approved a stock buyback plan on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 10.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.02%. Mondelez International's dividend payout ratio (DPR) is currently 54.97%.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of a number of research analyst reports. Barclays cut their target price on shares of Mondelez International from $69.00 to $63.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Mizuho upped their price objective 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 cut their price objective on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating for the company in a research report on Friday, January 24th. The Goldman Sachs Group cut their price objective on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Finally, Jefferies Financial Group lowered shares of Mondelez International from a "buy" rating to a "hold" rating and cut their price objective for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $69.74.

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.