Quilter Plc Buys 26,023 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Quilter Plc lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 889,192 shares of the company’s stock after acquiring an additional 26,023 shares during the quarter. Quilter Plc owned 0.07% of Mondelez International worth $53,111,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MDLZ. Truvestments Capital LLC bought a new stake in shares of Mondelez International in the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC bought a new stake in Mondelez International during the 3rd quarter valued at $27,000. Hager Investment Management Services LLC bought a new stake in Mondelez International during the 4th quarter valued at $27,000. Richardson Financial Services Inc. raised its holdings in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after buying an additional 200 shares during the last quarter. Finally, Highline Wealth Partners LLC bought a new stake in Mondelez International during the 3rd quarter valued at $38,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Price Performance

MDLZ opened at $58.45 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.42 and a current ratio of 0.68. The stock has a market capitalization of $78.16 billion, a P/E ratio of 17.09, a P/E/G ratio of 4.04 and a beta of 0.54. The company’s 50-day simple moving average is $59.34 and its two-hundred day simple moving average is $66.35. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. As a group, analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

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

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Analysts Set New Price Targets

MDLZ has been the subject of a number of recent analyst reports. Barclays lowered their price target on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday. Wells Fargo & Company reduced their price objective on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. DZ Bank downgraded shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective on the stock. in a research report on Friday. Stifel Nicolaus reduced their price objective on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Finally, Redburn Atlantic assumed coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $69.72.

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.