Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by Portfolio Design Labs LLC

Portfolio Design Labs LLC increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 79.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 35,042 shares of the company's stock after purchasing an additional 15,563 shares during the period. Portfolio Design Labs LLC's holdings in Mondelez International were worth $2,093,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MDLZ. Quent Capital LLC grew its position in Mondelez International by 26.9% in the 4th quarter. Quent Capital LLC now owns 3,867 shares of the company's stock valued at $231,000 after acquiring an additional 820 shares in the last quarter. Community Bank & Trust Waco Texas boosted its stake in shares of Mondelez International by 6.5% in the fourth quarter. Community Bank & Trust Waco Texas now owns 39,904 shares of the company's stock valued at $2,383,000 after purchasing an additional 2,431 shares during the period. Stonebridge Financial Group LLC acquired a new position in shares of Mondelez International in the fourth quarter valued at approximately $67,000. Core Alternative Capital increased its stake in Mondelez International by 1.7% during the 4th quarter. Core Alternative Capital now owns 11,448 shares of the company's stock worth $684,000 after buying an additional 187 shares during the period. Finally, Essex Financial Services Inc. lifted its holdings in Mondelez International by 2.9% during the 4th quarter. Essex Financial Services Inc. now owns 18,398 shares of the company's stock worth $1,099,000 after buying an additional 520 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MDLZ shares. Stifel Nicolaus dropped their price target 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. Royal Bank of Canada cut their price target on Mondelez International from $75.00 to $69.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. Citigroup reduced their price target on Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Dbs Bank downgraded Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating on the stock in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $69.72.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ traded up $0.15 during trading hours on Wednesday, reaching $60.60. The stock had a trading volume of 10,928,481 shares, compared to its average volume of 11,259,995. The firm has a 50-day moving average of $59.11 and a 200-day moving average of $66.26. The firm has a market cap of $81.03 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 4.04 and a beta of 0.54. The company has a current ratio of 0.68, a quick ratio of 0.42 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued 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 net margin of 12.68% and a return on equity of 16.75%. Equities research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

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

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.10%. The ex-dividend date was Tuesday, December 31st. Mondelez International's payout ratio is currently 54.97%.

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.