AIA Group Ltd Purchases 10,642 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

AIA Group Ltd increased its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 45.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,896 shares of the company's stock after buying an additional 10,642 shares during the quarter. AIA Group Ltd's holdings in Mondelez International were worth $2,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in the business. Partners in Financial Planning purchased a new position in Mondelez International during the 4th quarter valued at about $229,000. United Bank raised its holdings in Mondelez International by 13.6% in the 4th quarter. United Bank now owns 25,728 shares of the company's stock worth $1,537,000 after purchasing an additional 3,079 shares during the period. RWA Wealth Partners LLC lifted its position in shares of Mondelez International by 7.3% during the 4th quarter. RWA Wealth Partners LLC now owns 16,712 shares of the company's stock valued at $998,000 after buying an additional 1,131 shares in the last quarter. Schroder Investment Management Group boosted its holdings in Mondelez International by 3.5% in the 4th quarter. Schroder Investment Management Group now owns 501,794 shares of the company's stock worth $29,651,000 after buying an additional 16,830 shares during the period. Finally, Allianz SE bought a new position in Mondelez International in the 4th quarter worth approximately $6,889,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MDLZ shares. Citigroup dropped their price objective on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Jefferies Financial Group cut shares of Mondelez International from a "buy" rating to a "hold" rating and dropped their target price for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. Dbs Bank downgraded Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. Argus cut shares of Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Finally, Stifel Nicolaus lowered their target price on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating for the company in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $70.20.

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Mondelez International Stock Down 2.3 %

Shares of NASDAQ:MDLZ traded down $1.59 on Friday, reaching $66.31. The company had a trading volume of 13,786,976 shares, compared to its average volume of 7,973,730. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The stock has a market capitalization of $85.77 billion, a P/E ratio of 19.39, a P/E/G ratio of 4.34 and a beta of 0.47. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock has a 50-day moving average price of $63.25 and a 200 day moving average price of $64.54.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data 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, equities analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be given a $0.47 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.84%. Mondelez International's dividend payout ratio (DPR) is currently 54.97%.

Mondelez International announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback plans 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.