ING Groep NV Has $14.72 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

ING Groep NV lessened its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 9.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 246,356 shares of the company’s stock after selling 25,551 shares during the quarter. ING Groep NV’s holdings in Mondelez International were worth $14,715,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MDLZ. Mizuho Securities USA LLC lifted its stake in shares of Mondelez International by 12,057.4% during the third 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 during the period. Van ECK Associates Corp lifted its stake in shares of Mondelez International by 2,560.0% during the fourth quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock valued at $203,749,000 after acquiring an additional 3,282,937 shares during the period. Ilex Capital Partners UK LLP bought a new stake in Mondelez International in the third quarter valued at about $219,045,000. FMR LLC increased its holdings in Mondelez International by 14.2% in the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after purchasing an additional 2,268,639 shares during the last quarter. Finally, Holocene Advisors LP bought a new stake in Mondelez International in the third quarter valued at about $159,823,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Up 0.4 %

MDLZ stock opened at $62.17 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The stock has a market capitalization of $80.42 billion, a P/E ratio of 18.18, a P/E/G ratio of 4.27 and a beta of 0.54. The business has a 50-day moving average of $58.92 and a 200-day moving average of $65.94. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 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%. On average, sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International declared that its Board of Directors has approved a stock repurchase plan on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board 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. Investors of record on Monday, March 31st will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 3.02%. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Analysts Set New Price Targets

A number of research firms recently commented on MDLZ. Citigroup dropped their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. The Goldman Sachs Group dropped their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Stifel Nicolaus dropped their price objective on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a report on Friday, January 24th. UBS Group dropped their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Mizuho increased their price target on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.74.

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.