Daiwa Securities Group Inc. Grows Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Daiwa Securities Group Inc. raised its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 44.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 360,886 shares of the company's stock after acquiring an additional 111,819 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Mondelez International were worth $21,556,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MDLZ. Mizuho Securities USA LLC grew its position in shares of Mondelez International by 12,057.4% during the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company's stock worth $926,327,000 after buying an additional 12,470,573 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Mondelez International during the fourth quarter worth approximately $256,832,000. Van ECK Associates Corp grew its position in shares of Mondelez International by 2,560.0% during the fourth quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company's stock worth $203,749,000 after buying an additional 3,282,937 shares in the last quarter. Ilex Capital Partners UK LLP acquired a new stake in shares of Mondelez International during the third quarter worth approximately $219,045,000. Finally, FMR LLC grew its position in shares of Mondelez International by 14.2% during the third quarter. FMR LLC now owns 18,255,657 shares of the company's stock worth $1,344,894,000 after buying an additional 2,268,639 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

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Mondelez International Stock Down 3.5 %

NASDAQ MDLZ traded down $2.36 during trading hours on Wednesday, reaching $65.50. 4,251,906 shares of the company's stock were exchanged, compared to its average volume of 7,474,084. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. 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 company's 50-day moving average is $60.39 and its two-hundred day moving average is $65.48. The company has a market capitalization of $84.72 billion, a price-to-earnings ratio of 19.13, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results 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 return on equity of 16.75% and a net margin of 12.68%. On average, analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.87%. Mondelez International's dividend payout ratio is currently 54.97%.

Mondelez International declared that its Board of Directors has authorized a share repurchase program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of research firms have recently weighed in on MDLZ. The Goldman Sachs Group decreased their price target 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. Argus lowered Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. UBS Group lowered their target price on Mondelez International from $76.00 to $63.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Dbs Bank downgraded Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. Finally, Wells Fargo & Company lowered their price target on Mondelez International from $61.00 to $54.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $69.74.

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.