Mondelez International, Inc. (NASDAQ:MDLZ) Holdings Raised by Whittier Trust Co.

Whittier Trust Co. lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 20.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 360,936 shares of the company's stock after acquiring an additional 60,473 shares during the period. Whittier Trust Co.'s holdings in Mondelez International were worth $21,555,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. purchased a new position in Mondelez International during the 4th quarter worth $256,832,000. Van ECK Associates Corp boosted its stake 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 during the period. Ilex Capital Partners UK LLP purchased a new position in shares of Mondelez International during the third quarter worth about $219,045,000. FMR LLC increased its position in Mondelez International by 14.2% in the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company's stock valued at $1,344,894,000 after acquiring an additional 2,268,639 shares during the period. Finally, Holocene Advisors LP purchased a new stake in Mondelez International during the 3rd quarter valued at approximately $159,823,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Barclays lowered their target price on Mondelez International from $69.00 to $63.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. Wells Fargo & Company lowered their price objective on shares of Mondelez International from $61.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Citigroup cut 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 report on Wednesday, January 8th. UBS Group lowered their target price on shares of Mondelez International from $76.00 to $63.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Finally, Jefferies Financial Group cut shares of Mondelez International from a "buy" rating to a "hold" rating and cut their price target for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Mondelez International presently has an average rating of "Moderate Buy" and an average price target of $69.70.

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Mondelez International Stock Down 0.1 %

NASDAQ:MDLZ traded down $0.09 during trading hours on Monday, hitting $64.42. The stock had a trading volume of 788,304 shares, compared to its average volume of 7,482,734. The company has a market cap of $83.32 billion, a PE ratio of 18.83, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The business has a 50 day simple moving average of $61.35 and a two-hundred day simple moving average of $65.06. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58.

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 (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%. Analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders 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 dividend on an annualized basis and a yield of 2.92%. Mondelez International's dividend payout ratio (DPR) is 54.97%.

Mondelez International announced that its board has authorized a stock buyback program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase programs are often a sign 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.