Wellington Shields Capital Management LLC Has $415,000 Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Wellington Shields Capital Management LLC increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,952 shares of the company’s stock after buying an additional 346 shares during the period. Wellington Shields Capital Management LLC’s holdings in Mondelez International were worth $415,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mizuho Securities USA LLC grew its holdings in Mondelez International by 12,057.4% in the third 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. Raymond James Financial Inc. bought a new position in shares of Mondelez International during the 4th quarter worth about $256,832,000. Van ECK Associates Corp grew its stake in shares of Mondelez International by 2,560.0% in the 4th quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock valued at $203,749,000 after buying an additional 3,282,937 shares during the period. Ilex Capital Partners UK LLP acquired a new position in Mondelez International during the 3rd quarter worth approximately $219,045,000. Finally, FMR LLC boosted 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 worth $1,344,894,000 after acquiring an additional 2,268,639 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $64.31 on Friday. The company has a market capitalization of $83.19 billion, a P/E ratio of 18.80, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The company’s 50-day moving average is $60.69 and its 200 day moving average is $65.42. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. 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 announced its quarterly earnings data 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 return on equity of 16.75% and a net margin of 12.68%. On average, equities research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International announced that its Board of Directors has initiated a stock buyback plan 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 stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is 54.97%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Mizuho boosted their price objective on Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, February 14th. The Goldman Sachs Group lowered their price objective on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Wells Fargo & Company reduced their price objective on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Jefferies Financial Group lowered shares of Mondelez International from a “buy” rating to a “hold” rating and lowered their target price for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. Finally, Barclays dropped their price target on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.74.

About Mondelez International

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.