Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 598,735 shares of the company’s stock after purchasing an additional 22,296 shares during the period. UniSuper Management Pty Ltd’s holdings in Mondelez International were worth $35,762,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. United Bank raised its stake in shares of Mondelez International by 12.7% in the third quarter. United Bank now owns 22,649 shares of the company’s stock valued at $1,669,000 after acquiring an additional 2,549 shares in the last quarter. Larson Financial Group LLC raised its position in Mondelez International by 82.7% in the 3rd quarter. Larson Financial Group LLC now owns 2,811 shares of the company’s stock valued at $207,000 after purchasing an additional 1,272 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of Mondelez International in the 3rd quarter valued at about $25,000. FMR LLC grew its position in shares of Mondelez International by 14.2% during the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after buying an additional 2,268,639 shares in the last quarter. Finally, Avestar Capital LLC increased its stake in shares of Mondelez International by 15.1% during the third quarter. Avestar Capital LLC now owns 8,622 shares of the company’s stock worth $635,000 after buying an additional 1,129 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $66.33 on Thursday. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The stock’s 50-day moving average price is $61.87 and its 200 day moving average price is $64.92. 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 stock has a market capitalization of $85.80 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 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%. As a group, equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International announced that its Board of Directors has authorized 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 shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.83%. Mondelez International’s dividend payout ratio (DPR) is 54.97%.

Analysts Set New Price Targets

MDLZ has been the subject of several analyst reports. Mizuho boosted their price target on shares of Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Deutsche Bank Aktiengesellschaft dropped their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Wednesday, January 22nd. Morgan Stanley initiated coverage on Mondelez International in a report on Monday. They set an “overweight” rating and a $69.00 price target for the company. Stifel Nicolaus dropped their price objective on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a report 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 equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus 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.