Partners in Financial Planning Takes $229,000 Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Partners in Financial Planning acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 3,835 shares of the company's stock, valued at approximately $229,000.

Several other institutional investors have also recently made changes to their positions in MDLZ. Norges Bank bought a new stake in shares of Mondelez International during the fourth quarter valued at about $1,118,755,000. Raymond James Financial Inc. purchased a new position in Mondelez International during the fourth quarter valued at approximately $256,832,000. Van ECK Associates Corp increased its holdings in Mondelez International by 2,560.0% during the 4th quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company's stock worth $203,749,000 after acquiring an additional 3,282,937 shares during the period. Ilex Capital Partners UK LLP purchased a new stake in Mondelez International in the 3rd quarter worth approximately $219,045,000. Finally, Holocene Advisors LP purchased a new stake in Mondelez International in the 3rd quarter worth approximately $159,823,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Stock Up 2.5 %

NASDAQ:MDLZ traded up $1.63 during mid-day trading on Thursday, hitting $67.76. 8,514,297 shares of the company's stock were exchanged, compared to its average volume of 7,967,528. The company has a market cap of $87.65 billion, a PE ratio of 19.78, a P/E/G ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The business has a fifty day moving average price of $62.85 and a 200 day moving average price of $64.66.

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

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

Mondelez International Dividend Announcement

The company 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 $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Monday, March 31st. Mondelez International's payout ratio is currently 54.97%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MDLZ shares. Mizuho increased their price objective on Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, February 14th. Barclays dropped their price target on Mondelez International from $69.00 to $63.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. The Goldman Sachs Group lowered their target price on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. DZ Bank lowered shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price target on the stock. in a report on Friday, February 7th. Finally, Wells Fargo & Company lifted their price objective on shares of Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a report on Wednesday. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Mondelez International has a consensus rating of "Moderate Buy" and an average price target of $70.20.

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.