Frank Rimerman Advisors LLC Buys 2,702 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Frank Rimerman Advisors LLC grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,702 shares of the company’s stock after purchasing an additional 2,702 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Mondelez International were worth $1,535,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MDLZ. Hills Bank & Trust Co boosted its position in shares of Mondelez International by 2.3% during the 4th quarter. Hills Bank & Trust Co now owns 48,726 shares of the company’s stock valued at $2,910,000 after purchasing an additional 1,112 shares in the last quarter. Buckley Wealth Management LLC boosted its holdings in shares of Mondelez International by 2.6% during the 4th quarter. Buckley Wealth Management LLC now owns 10,512 shares of the company’s stock worth $628,000 after buying an additional 271 shares in the last quarter. Greatmark Investment Partners Inc. increased its stake in shares of Mondelez International by 45.2% in the 4th quarter. Greatmark Investment Partners Inc. now owns 4,351 shares of the company’s stock valued at $260,000 after acquiring an additional 1,355 shares in the last quarter. Alpine Woods Capital Investors LLC lifted its position in shares of Mondelez International by 5.2% during the 4th quarter. Alpine Woods Capital Investors LLC now owns 95,960 shares of the company’s stock valued at $5,732,000 after acquiring an additional 4,715 shares during the period. Finally, Wellington Shields Capital Management LLC boosted its stake in Mondelez International by 5.2% during the fourth quarter. Wellington Shields Capital Management LLC now owns 6,952 shares of the company’s stock worth $415,000 after acquiring an additional 346 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $64.31 on Friday. The business’s fifty day simple moving average is $60.69 and its 200 day simple moving average is $65.38. 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, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The firm 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.

Mondelez International (NASDAQ:MDLZ) last released its earnings results 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 return on equity of 16.75% and a net margin of 12.68%. As a group, analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International declared that its board has authorized a stock repurchase program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.92%. Mondelez International’s dividend payout ratio is presently 54.97%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MDLZ. Dbs Bank downgraded shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. Stifel Nicolaus dropped their price target on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. The Goldman Sachs Group reduced their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Mizuho upped their target price on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. Finally, Citigroup reduced their price target 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. 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.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.74.

Mondelez International 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.