Blair William & Co. IL Increases Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Blair William & Co. IL boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 295,333 shares of the company’s stock after acquiring an additional 6,658 shares during the quarter. Blair William & Co. IL’s holdings in Mondelez International were worth $17,640,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. United Bank grew its position in shares of Mondelez International by 12.7% during the 3rd quarter. United Bank now owns 22,649 shares of the company’s stock valued at $1,669,000 after acquiring an additional 2,549 shares during the period. Truvestments Capital LLC bought a new position in shares of Mondelez International during the 3rd quarter valued at approximately $25,000. Townsquare Capital LLC increased its holdings in Mondelez International by 213.9% in the 3rd quarter. Townsquare Capital LLC now owns 92,279 shares of the company’s stock worth $6,798,000 after acquiring an additional 62,877 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Mondelez International by 134.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 288,432 shares of the company’s stock worth $21,249,000 after acquiring an additional 165,285 shares during the period. Finally, CreativeOne Wealth LLC lifted its holdings in Mondelez International by 61.4% during the third quarter. CreativeOne Wealth LLC now owns 15,565 shares of the company’s stock valued at $1,147,000 after purchasing an additional 5,922 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Up 0.3 %

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 has a 50-day simple moving average of $62.25 and a 200-day simple moving average of $64.88. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The firm has a market cap of $87.60 billion, a P/E ratio of 19.80, a P/E/G ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share 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%. Equities analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International announced that its board has authorized a share repurchase 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 generally a sign that the company’s board believes its shares are undervalued.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.78%. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. UBS Group decreased their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft lowered their price target on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Wednesday, January 22nd. Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and cut their price objective for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. Dbs Bank downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Finally, Stifel Nicolaus reduced their price objective 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.50.

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.