Transamerica Financial Advisors Inc. Has $1.08 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Transamerica Financial Advisors Inc. boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 28.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,092 shares of the company’s stock after purchasing an additional 4,043 shares during the period. Transamerica Financial Advisors Inc.’s holdings in Mondelez International were worth $1,081,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. United Bank boosted its position in Mondelez International by 12.7% during the third quarter. United Bank now owns 22,649 shares of the company’s stock valued at $1,669,000 after purchasing an additional 2,549 shares during the last quarter. CreativeOne Wealth LLC raised its stake in shares of Mondelez International by 61.4% during the 3rd quarter. CreativeOne Wealth LLC now owns 15,565 shares of the company’s stock worth $1,147,000 after purchasing an additional 5,922 shares in the last quarter. Fiduciary Trust Co lifted its holdings in shares of Mondelez International by 5.8% during the 3rd quarter. Fiduciary Trust Co now owns 27,461 shares of the company’s stock valued at $2,023,000 after buying an additional 1,511 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Mondelez International by 32.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,068,477 shares of the company’s stock valued at $226,055,000 after buying an additional 751,444 shares in the last quarter. Finally, Ironwood Investment Counsel LLC grew its stake in shares of Mondelez International by 1.7% in the 3rd quarter. Ironwood Investment Counsel LLC now owns 29,406 shares of the company’s stock valued at $2,166,000 after buying an additional 478 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MDLZ. Stifel Nicolaus reduced their target price on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Barclays cut their price target on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Argus cut shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Deutsche Bank Aktiengesellschaft cut their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Wednesday, January 22nd. Finally, Morgan Stanley began coverage on Mondelez International in a research note on Monday, March 24th. They set an “overweight” rating and a $69.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.50.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $67.72 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The firm’s 50-day moving average is $62.25 and its 200-day moving average is $64.81. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a market cap of $87.60 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.78%. Mondelez International’s dividend payout ratio is currently 54.97%.

Mondelez International declared that its Board of Directors has initiated a share repurchase plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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.