Summit Investment Advisors Inc. Has $3.39 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Summit Investment Advisors Inc. lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,765 shares of the company’s stock after purchasing an additional 1,856 shares during the period. Summit Investment Advisors Inc.’s holdings in Mondelez International were worth $3,391,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Marshall Investment Management LLC bought a new stake in shares of Mondelez International in the 4th quarter valued at about $26,000. Hager Investment Management Services LLC bought a new stake in Mondelez International in the fourth quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in Mondelez International in the fourth quarter valued at approximately $31,000. McClarren Financial Advisors Inc. acquired a new stake in Mondelez International during the 4th quarter valued at approximately $32,000. Finally, Sierra Ocean LLC bought a new position in Mondelez International during the 4th quarter worth approximately $32,000. Institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of analyst reports. Barclays reduced their price objective on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. The Goldman Sachs Group cut their price target on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. DZ Bank downgraded Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target for the company. in a report on Friday, February 7th. Wells Fargo & Company boosted their price objective on Mondelez International from $64.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 2nd. Finally, Stifel Nicolaus cut their target price on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. One equities research 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $70.50.

Mondelez International Trading Up 1.6 %

NASDAQ:MDLZ opened at $67.05 on Monday. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company has a market cap of $86.73 billion, a PE ratio of 19.61, a PEG ratio of 4.34 and a beta of 0.47. 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 firm has a 50-day moving average of $64.38 and a 200-day moving average of $64.10.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS 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 expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio is 54.97%.

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.