SVB Wealth LLC Makes New Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

SVB Wealth LLC purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 157,442 shares of the company's stock, valued at approximately $9,404,000.

Several other large investors have also made changes to their positions in MDLZ. Tufton Capital Management increased its holdings in shares of Mondelez International by 7.8% during the fourth quarter. Tufton Capital Management now owns 113,271 shares of the company's stock worth $6,766,000 after buying an additional 8,203 shares in the last quarter. Motco grew its position in Mondelez International by 2.1% during the 4th quarter. Motco now owns 134,256 shares of the company's stock worth $8,019,000 after acquiring an additional 2,720 shares during the last quarter. Pettyjohn Wood & White Inc. raised its position in Mondelez International by 45.5% in the fourth quarter. Pettyjohn Wood & White Inc. now owns 9,960 shares of the company's stock valued at $595,000 after purchasing an additional 3,114 shares during the last quarter. VELA Investment Management LLC boosted its stake in shares of Mondelez International by 24.8% during the fourth quarter. VELA Investment Management LLC now owns 5,381 shares of the company's stock valued at $321,000 after purchasing an additional 1,070 shares in the last quarter. Finally, CORDA Investment Management LLC. grew its holdings in shares of Mondelez International by 20.5% during the fourth quarter. CORDA Investment Management LLC. now owns 565,156 shares of the company's stock worth $33,757,000 after purchasing an additional 95,985 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Stock Down 0.9 %

MDLZ traded down $0.56 during trading on Tuesday, hitting $65.22. 7,787,162 shares of the company's stock were exchanged, compared to its average volume of 7,383,473. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The stock has a market cap of $84.36 billion, a P/E ratio of 19.15, a PEG ratio of 4.34 and a beta of 0.54. The business's 50 day moving average is $59.54 and its two-hundred day moving average is $65.64. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing the consensus estimate 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 expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.88%. Mondelez International's payout ratio is 54.97%.

Mondelez International declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MDLZ shares. Stifel Nicolaus dropped their price objective 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. UBS Group cut their price target on shares of Mondelez International from $76.00 to $63.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Dbs Bank lowered Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. 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. Finally, Barclays lowered their price objective on Mondelez International from $69.00 to $63.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $69.74.

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.