Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 790,722 shares of the company’s stock after buying an additional 21,883 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.06% of Mondelez International worth $47,230,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MDLZ. Truvestments Capital LLC purchased a new position in shares of Mondelez International during the third quarter worth about $25,000. Marshall Investment Management LLC purchased a new position in Mondelez International during the 4th quarter worth approximately $26,000. Hager Investment Management Services LLC acquired a new position in Mondelez International during the fourth quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Mondelez International in the fourth quarter valued at approximately $31,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in shares of Mondelez International in the fourth quarter valued at approximately $32,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on MDLZ. Citigroup dropped their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. DZ Bank downgraded Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective for the company. in a research note on Friday, February 7th. Barclays lowered their target price on Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Wells Fargo & Company cut their price target on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada lowered their price objective on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average target price of $69.70.

Mondelez International Stock Performance

Mondelez International stock opened at $64.69 on Wednesday. The stock has a fifty day moving average price of $61.67 and a 200 day moving average price of $64.91. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The firm has a market capitalization of $83.68 billion, a P/E ratio of 18.92, a PEG ratio of 4.34 and a beta of 0.50. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last posted 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 net margin of 12.68% and a return on equity of 16.75%. Equities research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

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

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.91%. Mondelez International’s dividend payout ratio (DPR) is presently 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.