one8zero8 LLC Acquires Shares of 28,305 Mondelez International, Inc. (NASDAQ:MDLZ)

one8zero8 LLC purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 28,305 shares of the company's stock, valued at approximately $1,691,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MDLZ. United Bank grew its stake in shares of Mondelez International by 12.7% in the third quarter. United Bank now owns 22,649 shares of the company's stock worth $1,669,000 after purchasing an additional 2,549 shares during the last quarter. Versor Investments LP purchased a new stake in Mondelez International in the third quarter worth about $243,000. Oppenheimer & Co. Inc. lifted its holdings in Mondelez International by 8.3% in the third quarter. Oppenheimer & Co. Inc. now owns 43,897 shares of the company's stock worth $3,234,000 after buying an additional 3,373 shares during the period. Kovack Advisors Inc. purchased a new stake in Mondelez International in the third quarter worth about $312,000. Finally, Curi RMB Capital LLC lifted its holdings in Mondelez International by 17.8% in the third quarter. Curi RMB Capital LLC now owns 12,393 shares of the company's stock worth $913,000 after buying an additional 1,873 shares during the period. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Trading Down 0.1 %

Shares of NASDAQ:MDLZ traded down $0.05 during trading on Thursday, reaching $63.95. The company's stock had a trading volume of 6,013,605 shares, compared to its average volume of 7,432,299. 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, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The stock has a market capitalization of $82.72 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The firm's 50 day simple moving average is $61.07 and its two-hundred day simple moving average is $65.24.

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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 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, research analysts predict 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 program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International's payout ratio is 54.97%.

Analyst Upgrades and Downgrades

MDLZ has been the subject of several recent research reports. Dbs Bank lowered shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research report on Wednesday, January 22nd. Argus downgraded shares of Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Citigroup cut their target price 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. Finally, Jefferies Financial Group downgraded shares of Mondelez International from a "buy" rating to a "hold" rating and cut their target price for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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.