Sumitomo Mitsui Trust Group Inc. Buys 20,085 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Sumitomo Mitsui Trust Group Inc. grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 0.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,465,809 shares of the company's stock after acquiring an additional 20,085 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.26% of Mondelez International worth $207,013,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MDLZ. Truvestments Capital LLC bought a new stake in shares of Mondelez International during the 3rd quarter valued at $25,000. Prospera Private Wealth LLC purchased a new stake in Mondelez International in the third quarter worth about $27,000. Hager Investment Management Services LLC bought a new position in shares of Mondelez International during the fourth quarter valued at approximately $27,000. Richardson Financial Services Inc. lifted its holdings in shares of Mondelez International by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company's stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. Finally, Highline Wealth Partners LLC purchased a new position in shares of Mondelez International during the third quarter valued at approximately $38,000. Institutional investors own 78.32% of the company's stock.

Mondelez International Stock Performance

Shares of Mondelez International stock traded up $1.92 during trading hours on Tuesday, reaching $60.45. 12,174,666 shares of the stock traded hands, compared to its average volume of 11,272,225. The company has a 50 day moving average price of $59.20 and a 200 day moving average price of $66.30. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company has a quick ratio of 0.42, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $80.83 billion, a price-to-earnings ratio of 17.68, a P/E/G ratio of 4.04 and a beta of 0.54.

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 (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, equities research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International declared that its Board of Directors has authorized a stock repurchase program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its stock is undervalued.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.11%. The ex-dividend date was Tuesday, December 31st. Mondelez International's dividend payout ratio (DPR) is currently 54.97%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MDLZ. Stifel Nicolaus reduced their price objective on Mondelez International from $82.00 to $70.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Royal Bank of Canada reduced their price target on Mondelez International from $75.00 to $69.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. Barclays dropped their price target on shares of Mondelez International from $69.00 to $63.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. Citigroup reduced their price objective on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Finally, Bank of America upped their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.72.

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.