OVERSEA CHINESE BANKING Corp Ltd Purchases 1,848 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

OVERSEA CHINESE BANKING Corp Ltd lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 27.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,690 shares of the company’s stock after buying an additional 1,848 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Mondelez International were worth $523,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Xponance Inc. lifted its holdings in Mondelez International by 2.9% during the 4th quarter. Xponance Inc. now owns 197,937 shares of the company’s stock valued at $11,823,000 after purchasing an additional 5,619 shares during the last quarter. Evoke Wealth LLC acquired a new stake in Mondelez International during the 4th quarter valued at $367,000. PDS Planning Inc lifted its holdings in Mondelez International by 14.0% during the 4th quarter. PDS Planning Inc now owns 5,315 shares of the company’s stock valued at $317,000 after purchasing an additional 651 shares during the last quarter. Mystic Asset Management Inc. lifted its holdings in Mondelez International by 8.7% during the 4th quarter. Mystic Asset Management Inc. now owns 11,113 shares of the company’s stock valued at $664,000 after purchasing an additional 888 shares during the last quarter. Finally, RD Lewis Holdings Inc. acquired a new stake in Mondelez International during the 4th quarter valued at $235,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Down 0.1 %

MDLZ stock opened at $63.95 on Friday. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The business has a 50-day simple moving average of $61.18 and a 200 day simple moving average of $65.23. The company has a market cap of $82.72 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50.

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

Mondelez International declared that its board has initiated a share buyback plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership 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 given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio is presently 54.97%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Citigroup cut their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Argus downgraded Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Dbs Bank downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. Mizuho lifted their target price on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Finally, Barclays dropped their target price on Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus 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.