Zions Bancorporation N.A. Boosts Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Zions Bancorporation N.A. raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 51.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,621 shares of the company's stock after buying an additional 10,707 shares during the period. Zions Bancorporation N.A.'s holdings in Mondelez International were worth $1,889,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MDLZ. United Bank boosted its position in shares of Mondelez International by 12.7% in the 3rd quarter. United Bank now owns 22,649 shares of the company's stock worth $1,669,000 after buying an additional 2,549 shares in the last quarter. Larson Financial Group LLC raised its position in Mondelez International by 82.7% during the third quarter. Larson Financial Group LLC now owns 2,811 shares of the company's stock worth $207,000 after acquiring an additional 1,272 shares during the last quarter. Douglass Winthrop Advisors LLC lifted its holdings in shares of Mondelez International by 11.8% in the third quarter. Douglass Winthrop Advisors LLC now owns 12,280 shares of the company's stock valued at $905,000 after purchasing an additional 1,300 shares in the last quarter. Truvestments Capital LLC acquired a new stake in shares of Mondelez International in the third quarter valued at approximately $25,000. Finally, Horizon Kinetics Asset Management LLC grew its position in shares of Mondelez International by 7.3% in the third quarter. Horizon Kinetics Asset Management LLC now owns 16,429 shares of the company's stock valued at $1,210,000 after purchasing an additional 1,112 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

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Mondelez International Trading Up 0.3 %

Shares of MDLZ traded up $0.22 during trading hours on Friday, hitting $67.72. The stock had a trading volume of 11,564,303 shares, compared to its average volume of 7,922,538. The company's fifty day simple moving average is $62.25 and its 200 day simple moving average is $64.81. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The firm has a market cap of $87.60 billion, a P/E ratio of 19.80, a P/E/G ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share 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%. Equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS 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 stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International's payout ratio is currently 54.97%.

Analyst Ratings Changes

MDLZ has been the subject of several research reports. UBS Group cut their price objective on Mondelez International from $76.00 to $63.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Barclays cut their price target on Mondelez International from $69.00 to $63.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. The Goldman Sachs Group decreased their price objective on Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research note on Wednesday, January 22nd. Finally, Jefferies Financial Group cut shares of Mondelez International from a "buy" rating to a "hold" rating and decreased their price target for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $69.50.

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.