Parallel Advisors LLC Has $4.31 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Parallel Advisors LLC lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.0% during the fourth quarter, HoldingsChannel reports. The firm owned 72,216 shares of the company’s stock after selling 2,212 shares during the quarter. Parallel Advisors LLC’s holdings in Mondelez International were worth $4,313,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ICICI Prudential Asset Management Co Ltd raised its stake in shares of Mondelez International by 430.0% during the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company’s stock worth $5,520,000 after purchasing an additional 74,975 shares in the last quarter. Czech National Bank raised its stake in shares of Mondelez International by 6.5% during the 4th quarter. Czech National Bank now owns 289,931 shares of the company’s stock worth $17,318,000 after purchasing an additional 17,815 shares in the last quarter. Buckingham Capital Management Inc. raised its stake in Mondelez International by 25.5% in the 4th quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company’s stock valued at $5,578,000 after acquiring an additional 18,961 shares during the period. Legacy Private Trust Co. raised its stake in Mondelez International by 33.2% in the 4th quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock valued at $229,000 after acquiring an additional 957 shares during the period. Finally, Kennedy Investment Group bought a new stake in Mondelez International in the 4th quarter valued at $313,000. Institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

MDLZ has been the topic of a number of research analyst reports. Royal Bank of Canada dropped their price target on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. DZ Bank cut 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. Wells Fargo & Company dropped their price target on 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. Stifel Nicolaus dropped their price target on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Finally, Argus cut Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. One 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $69.74.

Mondelez International Price Performance

Shares of MDLZ opened at $65.09 on Tuesday. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. 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 company has a market capitalization of $84.20 billion, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The business has a 50-day moving average of $60.83 and a 200-day moving average of $65.30.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

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 issued a $0.47 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.89%. Mondelez International’s payout ratio is currently 54.97%.

Mondelez International announced that its board has approved a stock buyback plan on Wednesday, December 11th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to buy up to 10.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Mondelez International Company 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.