Mondelez International, Inc. (NASDAQ:MDLZ) Position Increased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 180,279 shares of the company’s stock after acquiring an additional 12,184 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Mondelez International were worth $10,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in MDLZ. Truvestments Capital LLC bought a new position in shares of Mondelez International during the third quarter worth about $25,000. Prospera Private Wealth LLC acquired a new position in Mondelez International during the 3rd quarter valued at about $27,000. Hager Investment Management Services LLC bought a new position in Mondelez International in the 4th quarter worth about $27,000. Richardson Financial Services Inc. increased its stake in shares of Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares during the period. Finally, Highline Wealth Partners LLC bought a new stake in shares of Mondelez International during the third quarter valued at approximately $38,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on MDLZ shares. Wells Fargo & Company decreased their price objective on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday. Stifel Nicolaus lowered their price target on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Bank of America lifted their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group decreased their target price on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and dropped their price target for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.72.

Mondelez International Price Performance

NASDAQ MDLZ opened at $58.45 on Friday. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The business’s fifty day moving average is $59.47 and its two-hundred day moving average is $66.41. The stock has a market capitalization of $78.16 billion, a P/E ratio of 20.73, a P/E/G ratio of 3.12 and a beta of 0.54. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. On average, research analysts forecast that Mondelez International, Inc. will post 3.44 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.22%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is currently 66.67%.

Mondelez International declared that its Board of Directors has authorized a share repurchase plan on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 10.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

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.