Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by TD Private Client Wealth LLC

TD Private Client Wealth LLC grew its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 160.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,155 shares of the company's stock after acquiring an additional 26,570 shares during the period. TD Private Client Wealth LLC's holdings in Mondelez International were worth $2,578,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in Mondelez International in the fourth quarter valued at $256,832,000. Van ECK Associates Corp increased its holdings in shares of Mondelez International by 2,560.0% in the 4th quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company's stock valued at $203,749,000 after purchasing an additional 3,282,937 shares in the last quarter. Ilex Capital Partners UK LLP acquired a new stake in shares of Mondelez International in the third quarter valued at about $219,045,000. FMR LLC boosted its holdings in Mondelez International by 14.2% during the third quarter. FMR LLC now owns 18,255,657 shares of the company's stock worth $1,344,894,000 after buying an additional 2,268,639 shares in the last quarter. Finally, Holocene Advisors LP acquired a new position in Mondelez International during the third quarter worth about $159,823,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Down 0.5 %

Shares of MDLZ traded down $0.34 during midday trading on Tuesday, reaching $64.61. 1,854,906 shares of the company were exchanged, compared to its average volume of 7,507,820. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The stock has a 50-day moving average price of $61.52 and a 200-day moving average price of $64.99. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The company has a market cap of $83.57 billion, a price-to-earnings ratio of 18.89, a P/E/G ratio of 4.34 and a beta of 0.50.

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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 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%. Research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.91%. Mondelez International's dividend payout ratio (DPR) is presently 54.97%.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MDLZ shares. DZ Bank lowered Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price target on the stock. in a research note on Friday, February 7th. UBS Group lowered their target price on 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 downgraded Mondelez International from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 7th. Royal Bank of Canada lowered their price objective on shares of Mondelez International from $75.00 to $69.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. Finally, Morgan Stanley assumed coverage on shares of Mondelez International in a research report on Monday. They set an "overweight" rating and a $69.00 target price for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $69.70.

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.