Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 51.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,028 shares of the company’s stock after acquiring an additional 33,830 shares during the period. Mediolanum International Funds Ltd’s holdings in Mondelez International were worth $5,884,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in MDLZ. State Street Corp increased its position in Mondelez International by 3.2% in the third quarter. State Street Corp now owns 60,151,987 shares of the company’s stock worth $4,459,239,000 after buying an additional 1,851,247 shares during the period. Geode Capital Management LLC raised its holdings in shares of Mondelez International by 1.2% during the third quarter. Geode Capital Management LLC now owns 28,204,955 shares of the company’s stock valued at $2,069,906,000 after buying an additional 341,203 shares during the last quarter. FMR LLC grew its holdings in Mondelez International by 14.2% in the 3rd 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. Massachusetts Financial Services Co. MA increased its position in Mondelez International by 2.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company’s stock valued at $1,268,242,000 after acquiring an additional 489,068 shares during the period. Finally, Mizuho Securities USA LLC raised its stake in Mondelez International by 12,057.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after acquiring an additional 12,470,573 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

Mondelez International Trading Down 0.7 %

Shares of NASDAQ MDLZ opened at $57.99 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 12 month low of $55.97 and a 12 month high of $77.20. The company has a market cap of $77.54 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 3.05 and a beta of 0.54. The business has a fifty day simple moving average of $60.22 and a 200-day simple moving average of $66.71.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. The company had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.82 earnings per share. Sell-side analysts predict that Mondelez International, Inc. will post 3.44 EPS for the current year.

Mondelez International declared that its board has authorized a stock repurchase program on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.24%. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of a number of research analyst reports. Wells Fargo & Company reissued an “equal weight” rating and set a $61.00 price target (down from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and lowered their target price for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Citigroup reduced their price target on shares of 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 initiated coverage on Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price on the stock. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 price target on shares of Mondelez International in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $72.76.

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.