Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 35.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,242 shares of the company's stock after purchasing an additional 9,567 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Mondelez International were worth $2,165,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in MDLZ. State Street Corp increased its holdings in shares of Mondelez International by 3.2% during the 3rd quarter. State Street Corp now owns 60,151,987 shares of the company's stock worth $4,459,239,000 after buying an additional 1,851,247 shares during the last quarter. Geode Capital Management LLC grew its position in Mondelez International by 1.2% during the third quarter. Geode Capital Management LLC now owns 28,204,955 shares of the company's stock valued at $2,069,906,000 after acquiring an additional 341,203 shares during the period. FMR LLC increased its stake 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 acquiring an additional 2,268,639 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Mondelez International by 2.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company's stock worth $1,268,242,000 after acquiring an additional 489,068 shares during the last quarter. Finally, Mizuho Securities USA LLC raised its holdings in shares of Mondelez International by 12,057.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company's stock worth $926,327,000 after purchasing an additional 12,470,573 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on MDLZ shares. Deutsche Bank Aktiengesellschaft downgraded shares of Mondelez International from a "buy" rating to a "hold" rating and dropped their target price for the stock from $78.00 to $67.00 in a research report on Thursday, December 12th. Bank of America increased their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. Citigroup reduced their target price on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Stifel Nicolaus increased their price target on Mondelez International from $75.00 to $82.00 and gave the company a "buy" rating in a report on Friday, October 25th. Finally, Wells Fargo & Company restated an "equal weight" rating and set a $61.00 price objective (down previously from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $76.79.

Mondelez International Stock Down 0.8 %

MDLZ stock traded down $0.46 during midday trading on Wednesday, hitting $56.64. 8,839,183 shares of the company's stock were exchanged, compared to its average volume of 10,010,664. The firm has a 50 day moving average price of $62.11 and a 200-day moving average price of $67.44. Mondelez International, Inc. has a 12-month low of $55.97 and a 12-month high of $77.20. The stock has a market capitalization of $75.74 billion, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 2.80 and a beta of 0.54. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. During the same quarter in the previous year, the firm earned $0.82 earnings per share. The business's revenue was up 1.9% compared to the same quarter last year. On average, analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current year.

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

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 given a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.32%. Mondelez International's payout ratio is 66.67%.

Mondelez International 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.