Quilter Plc Buys 26,023 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Quilter Plc lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 889,192 shares of the company's stock after purchasing an additional 26,023 shares during the period. Quilter Plc owned about 0.07% of Mondelez International worth $53,111,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in MDLZ. Brookstone Capital Management boosted its holdings in shares of Mondelez International by 15.3% in the third quarter. Brookstone Capital Management now owns 9,275 shares of the company's stock worth $683,000 after buying an additional 1,230 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Mondelez International by 242.5% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 9,042 shares of the company's stock worth $670,000 after buying an additional 6,402 shares during the period. Fiduciary Financial Group LLC boosted its holdings in shares of Mondelez International by 5.8% in the third quarter. Fiduciary Financial Group LLC now owns 3,666 shares of the company's stock worth $260,000 after buying an additional 200 shares during the period. Valeo Financial Advisors LLC boosted its holdings in shares of Mondelez International by 3.3% in the third quarter. Valeo Financial Advisors LLC now owns 33,698 shares of the company's stock worth $2,483,000 after buying an additional 1,076 shares during the period. Finally, Carnegie Investment Counsel boosted its holdings in shares of Mondelez International by 1.4% in the third quarter. Carnegie Investment Counsel now owns 11,007 shares of the company's stock worth $811,000 after buying an additional 151 shares during the period. Institutional investors and hedge funds own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on MDLZ shares. Stifel Nicolaus decreased their target price on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating for the company in a report on Friday, January 24th. The Goldman Sachs Group decreased their target price on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a report on Thursday. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a report on Wednesday, January 22nd. Barclays decreased their price target on shares of Mondelez International from $69.00 to $63.00 and set an "overweight" rating for the company in a report on Thursday. Finally, Citigroup decreased their price target on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Mondelez International has a consensus rating of "Moderate Buy" and an average price target of $69.72.

Mondelez International Stock Up 0.1 %

NASDAQ MDLZ traded up $0.08 during trading on Monday, reaching $58.53. The company's stock had a trading volume of 9,510,989 shares, compared to its average volume of 11,237,491. The company has a current ratio of 0.68, a quick ratio of 0.42 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $78.27 billion, a PE ratio of 17.11, a PEG ratio of 4.04 and a beta of 0.54. The business has a 50-day moving average price of $59.34 and a 200-day moving average price of $66.35. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results 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 net margin of 12.68% and a return on equity of 16.75%. On average, research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International declared that its board has approved a share buyback plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date was Tuesday, December 31st. Mondelez International's dividend payout ratio is 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.