Sky Investment Group LLC Increases Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Sky Investment Group LLC grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 11.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,291 shares of the company's stock after purchasing an additional 4,925 shares during the period. Sky Investment Group LLC's holdings in Mondelez International were worth $2,825,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. AE Wealth Management LLC raised its position in Mondelez International by 7.3% in the 2nd quarter. AE Wealth Management LLC now owns 40,074 shares of the company's stock valued at $2,623,000 after purchasing an additional 2,718 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Mondelez International by 14.1% in the second quarter. Pacer Advisors Inc. now owns 229,557 shares of the company's stock worth $15,022,000 after acquiring an additional 28,287 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in Mondelez International by 91.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 174,467 shares of the company's stock worth $11,416,000 after acquiring an additional 83,280 shares in the last quarter. Frank Rimerman Advisors LLC increased its position in shares of Mondelez International by 37,429.5% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 22,893 shares of the company's stock valued at $1,498,000 after purchasing an additional 22,832 shares during the last quarter. Finally, Epoch Investment Partners Inc. increased its position in shares of Mondelez International by 8.7% in the 2nd quarter. Epoch Investment Partners Inc. now owns 689,903 shares of the company's stock valued at $45,147,000 after purchasing an additional 55,013 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

MDLZ traded down $0.26 during trading on Tuesday, reaching $57.60. The company's stock had a trading volume of 11,333,583 shares, compared to its average volume of 10,376,039. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The company's fifty day moving average price is $61.43 and its 200-day moving average price is $67.20. Mondelez International, Inc. has a 52-week low of $55.97 and a 52-week high of $77.20. The company has a market capitalization of $77.02 billion, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business had revenue of $9.20 billion during the quarter, compared to analysts' expectations of $9.11 billion. During the same period last year, the firm earned $0.82 EPS. The company's quarterly revenue was up 1.9% compared to the same quarter last year. On average, equities analysts forecast that Mondelez International, Inc. will post 3.47 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.26%. Mondelez International's dividend payout ratio (DPR) is presently 66.67%.

Mondelez International announced that its board has approved a share buyback program on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MDLZ. Stifel Nicolaus lifted their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. UBS Group dropped their price target on shares of Mondelez International from $76.00 to $63.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Redburn Atlantic began coverage on Mondelez International in a report on Tuesday, October 22nd. They set a "buy" rating and a $82.00 price objective on the stock. Citigroup lowered their target price on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Finally, Jefferies Financial Group cut shares of Mondelez International from a "buy" rating to a "hold" rating and decreased their price target for the stock from $75.00 to $62.00 in a research note on Tuesday. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $74.13.

About Mondelez International

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.