Royal London Asset Management Ltd. Grows Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Royal London Asset Management Ltd. grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 557,546 shares of the company's stock after buying an additional 6,121 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Mondelez International were worth $33,302,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Truvestments Capital LLC bought a new stake in shares of Mondelez International in the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC purchased a new position in shares of Mondelez International during the 3rd quarter valued at $27,000. Marshall Investment Management LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at $26,000. Hager Investment Management Services LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at $31,000. Institutional investors own 78.32% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Wells Fargo & Company reduced their price target on shares of Mondelez International from $61.00 to $54.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Citigroup reduced their price target 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. Jefferies Financial Group lowered shares of Mondelez International from a "buy" rating to a "hold" rating and reduced their price target for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. Argus lowered shares of Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Finally, 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. 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 company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $69.74.

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Mondelez International Price Performance

NASDAQ MDLZ traded up $0.56 on Friday, reaching $64.51. The company had a trading volume of 25,429,793 shares, compared to its average volume of 7,508,716. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $83.45 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The firm's 50 day moving average price is $61.35 and its 200 day moving average price is $65.18. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month 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 EPS 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%. As a group, equities 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 authorized a share repurchase plan on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to reacquire 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 stock is undervalued.

Mondelez International Announces Dividend

The business 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. 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 2.91%. Mondelez International's payout ratio is 54.97%.

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.