Whittier Trust Co. of Nevada Inc. Raises Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 17.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 195,161 shares of the company's stock after purchasing an additional 28,532 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in Mondelez International were worth $11,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MDLZ. Douglass Winthrop Advisors LLC grew its position in Mondelez International by 26.7% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 15,555 shares of the company's stock worth $929,000 after purchasing an additional 3,275 shares during the period. Holderness Investments Co. grew its holdings in Mondelez International by 3.8% during the fourth quarter. Holderness Investments Co. now owns 11,688 shares of the company's stock worth $698,000 after acquiring an additional 423 shares during the period. HUB Investment Partners LLC raised its position in Mondelez International by 14.0% during the fourth quarter. HUB Investment Partners LLC now owns 20,435 shares of the company's stock valued at $1,221,000 after acquiring an additional 2,515 shares in the last quarter. Whittier Trust Co. lifted its holdings in Mondelez International by 20.1% in the fourth quarter. Whittier Trust Co. now owns 360,936 shares of the company's stock valued at $21,555,000 after acquiring an additional 60,473 shares during the period. Finally, Northwest & Ethical Investments L.P. lifted its holdings in Mondelez International by 238.1% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 85,936 shares of the company's stock valued at $5,133,000 after acquiring an additional 60,522 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

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Mondelez International Price Performance

Shares of Mondelez International stock traded down $0.26 during trading hours on Tuesday, reaching $64.69. 7,459,041 shares of the company's stock were exchanged, compared to its average volume of 7,507,820. The business has a fifty day moving average of $61.52 and a two-hundred day moving average of $64.99. The company has a market capitalization of $83.68 billion, a P/E ratio of 18.92, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. 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, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. As a group, research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

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

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating on the stock in a research note on Wednesday, January 22nd. The Goldman Sachs Group dropped their price target on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Jefferies Financial Group downgraded shares of Mondelez International from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. Wells Fargo & Company lowered their target price on shares of Mondelez International from $61.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Finally, Mizuho lifted their price target on Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $69.70.

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.