Patriot Investment Management Group Inc. Increases Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Patriot Investment Management Group Inc. lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,487 shares of the company’s stock after acquiring an additional 241 shares during the period. Patriot Investment Management Group Inc.’s holdings in Mondelez International were worth $268,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of MDLZ. Mizuho Securities USA LLC boosted its position in shares of 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 worth $926,327,000 after purchasing an additional 12,470,573 shares during the period. Ilex Capital Partners UK LLP acquired a new position in shares of Mondelez International in the 3rd quarter valued at $219,045,000. FMR LLC grew its position in shares of Mondelez International by 14.2% during the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after acquiring an additional 2,268,639 shares during the last quarter. Holocene Advisors LP purchased a new stake in shares of Mondelez International in the third quarter valued at about $159,823,000. Finally, National Bank of Canada FI boosted its stake in shares of Mondelez International by 173.7% during the third quarter. National Bank of Canada FI now owns 3,049,440 shares of the company’s stock worth $224,652,000 after buying an additional 1,935,356 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MDLZ has been the subject of several analyst reports. Jefferies Financial Group downgraded Mondelez International from a “buy” rating to a “hold” rating and reduced their price objective for the company from $75.00 to $62.00 in a research note on Tuesday. The Goldman Sachs Group cut their price target on Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Stifel Nicolaus lifted their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Citigroup cut their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Finally, Bank of America increased their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $73.81.

Mondelez International Trading Up 1.2 %

NASDAQ:MDLZ opened at $56.96 on Friday. Mondelez International, Inc. has a 12 month low of $55.97 and a 12 month high of $77.20. The business’s 50-day moving average is $61.05 and its two-hundred day moving average is $67.06. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The firm has a market capitalization of $76.17 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 2.96 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. During the same period in the previous year, the company posted $0.82 earnings per share. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. Research analysts predict that Mondelez International, Inc. will post 3.45 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.30%. Mondelez International’s dividend payout ratio is presently 66.67%.

Mondelez International announced that its Board of Directors has initiated a share repurchase program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are 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.