Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by Invesco Ltd.

Invesco Ltd. boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 13.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,409,582 shares of the company’s stock after acquiring an additional 1,483,270 shares during the period. Invesco Ltd. owned 0.93% of Mondelez International worth $741,224,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Marshall Investment Management LLC acquired a new position in shares of Mondelez International in the 4th quarter valued at $26,000. Hager Investment Management Services LLC purchased a new stake in Mondelez International in the 4th quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in Mondelez International in the fourth quarter valued at about $31,000. Sierra Ocean LLC purchased a new position in Mondelez International during the fourth quarter worth about $32,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in shares of Mondelez International during the fourth quarter valued at about $32,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Argus lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Royal Bank of Canada decreased their price target on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. 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 research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft decreased their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. Finally, Citigroup dropped their target price on 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 investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.20.

Mondelez International Price Performance

Mondelez International stock opened at $65.23 on Tuesday. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The company has a fifty day simple moving average of $63.39 and a 200-day simple moving average of $64.40. The stock has a market cap of $84.38 billion, a P/E ratio of 19.07, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly 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 net margin of 12.68% and a return on equity of 16.75%. Equities analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is 54.97%.

Mondelez International announced that its board has authorized a stock buyback plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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.