Shelton Capital Management Buys 37,933 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Shelton Capital Management lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 13.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 311,305 shares of the company’s stock after acquiring an additional 37,933 shares during the quarter. Shelton Capital Management’s holdings in Mondelez International were worth $18,594,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MDLZ. United Bank raised its position in shares of Mondelez International by 12.7% during the 3rd quarter. United Bank now owns 22,649 shares of the company’s stock valued at $1,669,000 after purchasing an additional 2,549 shares during the period. EP Wealth Advisors LLC raised its holdings in Mondelez International by 10.0% during the third quarter. EP Wealth Advisors LLC now owns 26,982 shares of the company’s stock valued at $1,988,000 after acquiring an additional 2,459 shares during the period. Orion Portfolio Solutions LLC lifted its position in shares of Mondelez International by 10.6% in the third quarter. Orion Portfolio Solutions LLC now owns 92,782 shares of the company’s stock valued at $6,835,000 after acquiring an additional 8,886 shares in the last quarter. MML Investors Services LLC grew its position in shares of Mondelez International by 1.3% during the third quarter. MML Investors Services LLC now owns 69,108 shares of the company’s stock worth $5,091,000 after purchasing an additional 916 shares in the last quarter. Finally, Raab & Moskowitz Asset Management LLC raised its stake in Mondelez International by 3.4% during the 3rd quarter. Raab & Moskowitz Asset Management LLC now owns 26,862 shares of the company’s stock valued at $1,979,000 after purchasing an additional 894 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on MDLZ. DZ Bank cut shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective on the stock. in a research report on Friday, February 7th. Barclays reduced their price target on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Citigroup dropped their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft reduced 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. Finally, Stifel Nicolaus dropped their price target on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $70.20.

Mondelez International Price Performance

Mondelez International stock opened at $65.23 on Tuesday. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The stock has a market cap of $84.38 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. The firm has a 50-day moving average of $63.39 and a two-hundred day moving average of $64.40. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48.

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 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%. On average, research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International announced that its board has approved a stock repurchase plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board 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 issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

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.