Integrated Investment Consultants LLC Takes $749,000 Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Integrated Investment Consultants LLC bought a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 12,548 shares of the company’s stock, valued at approximately $749,000.

Several other large investors have also recently added to or reduced their stakes in MDLZ. Avanza Fonder AB purchased a new stake in Mondelez International in the 4th quarter valued at about $8,280,000. Tompkins Financial Corp boosted its position in shares of Mondelez International by 111.9% in the fourth quarter. Tompkins Financial Corp now owns 7,861 shares of the company’s stock worth $470,000 after acquiring an additional 4,152 shares during the last quarter. Empirical Asset Management LLC grew its holdings in Mondelez International by 130.3% in the fourth quarter. Empirical Asset Management LLC now owns 53,742 shares of the company’s stock valued at $3,210,000 after purchasing an additional 30,410 shares during the period. BFI Infinity Ltd. acquired a new position in Mondelez International during the fourth quarter worth approximately $285,000. Finally, Sawyer & Company Inc raised its stake in Mondelez International by 53.9% during the fourth quarter. Sawyer & Company Inc now owns 4,139 shares of the company’s stock worth $247,000 after purchasing an additional 1,450 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. UBS Group lowered their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday. Citigroup dropped their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Redburn Atlantic assumed coverage on Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective on the stock. Stifel Nicolaus boosted their target price on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group cut their price target on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a report on Tuesday. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $74.93.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $57.86 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The company’s fifty day moving average price is $61.76 and its two-hundred day moving average price is $67.30. The firm has a market capitalization of $77.37 billion, a P/E ratio of 20.52, a P/E/G ratio of 2.99 and a beta of 0.54. Mondelez International, Inc. has a 12 month low of $55.97 and a 12 month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter in the previous year, the firm posted $0.82 earnings per share. The company’s revenue was up 1.9% compared to the same quarter last year. On average, research analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.25%. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

Mondelez International declared that its board has approved a share buyback plan on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.