Mondelez International, Inc. (NASDAQ:MDLZ) Position Boosted by Xponance Inc.

Xponance Inc. boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 197,937 shares of the company's stock after purchasing an additional 5,619 shares during the quarter. Xponance Inc.'s holdings in Mondelez International were worth $11,823,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in MDLZ. United Bank boosted its holdings in Mondelez International by 12.7% in the third quarter. United Bank now owns 22,649 shares of the company's stock worth $1,669,000 after purchasing an additional 2,549 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Mondelez International by 13.5% in the third quarter. Thrivent Financial for Lutherans now owns 197,964 shares of the company's stock worth $14,584,000 after purchasing an additional 23,497 shares during the period. Drive Wealth Management LLC boosted its holdings in Mondelez International by 9.4% in the third quarter. Drive Wealth Management LLC now owns 5,953 shares of the company's stock worth $441,000 after purchasing an additional 513 shares during the period. Baron Wealth Management LLC acquired a new position in shares of Mondelez International during the third quarter valued at $212,000. Finally, Aviance Capital Partners LLC acquired a new position in shares of Mondelez International during the third quarter valued at $203,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Trading Up 0.9 %

NASDAQ MDLZ traded up $0.56 on Friday, hitting $64.51. 25,429,793 shares of the company were exchanged, compared to its average volume of 7,508,716. The company's 50 day moving average price is $61.35 and its 200-day moving average price is $65.13. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The firm has a market capitalization of $83.45 billion, a P/E ratio of 18.86, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06.

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Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted 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 return on equity of 16.75% and a net margin of 12.68%. Analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International declared that its board has authorized a stock buyback plan on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid 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 yield of 2.91%. Mondelez International's dividend payout ratio (DPR) is presently 54.97%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MDLZ. Dbs Bank downgraded shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. Stifel Nicolaus reduced their price target 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. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a report on Wednesday, January 22nd. Argus downgraded shares of Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Finally, Wells Fargo & Company cut their price objective 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Mondelez International currently has an average rating of "Moderate Buy" and an average target price of $69.74.

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.