Blue Trust Inc. Increases Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Blue Trust Inc. lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 17.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,196 shares of the company’s stock after acquiring an additional 7,508 shares during the period. Blue Trust Inc.’s holdings in Mondelez International were worth $3,058,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Czech National Bank lifted its holdings in shares of Mondelez International by 6.5% during the 4th quarter. Czech National Bank now owns 289,931 shares of the company’s stock worth $17,318,000 after acquiring an additional 17,815 shares during the period. Legacy Private Trust Co. lifted its holdings in shares of Mondelez International by 33.2% during the 4th quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock worth $229,000 after acquiring an additional 957 shares during the period. Benjamin Edwards Inc. lifted its holdings in shares of Mondelez International by 1,904.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company’s stock worth $31,369,000 after acquiring an additional 404,567 shares during the period. Kingsview Wealth Management LLC lifted its holdings in shares of Mondelez International by 14.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock worth $8,430,000 after acquiring an additional 14,278 shares during the period. Finally, Miracle Mile Advisors LLC lifted its holdings in shares of Mondelez International by 374.9% during the 4th quarter. Miracle Mile Advisors LLC now owns 22,124 shares of the company’s stock worth $1,321,000 after acquiring an additional 17,465 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MDLZ shares. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Wednesday, January 22nd. Stifel Nicolaus cut their price target on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Friday. Bank of America raised their price target on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Citigroup cut their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, Jefferies Financial Group lowered shares of Mondelez International from a “buy” rating to a “hold” rating and cut their price target for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $73.06.

Mondelez International Stock Up 0.8 %

MDLZ stock opened at $57.42 on Monday. Mondelez International, Inc. has a twelve month low of $55.97 and a twelve month high of $77.20. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $76.78 billion, a P/E ratio of 20.36, a PEG ratio of 2.96 and a beta of 0.54. The firm has a 50 day simple moving average of $60.74 and a 200-day simple moving average of $66.94.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. During the same quarter last year, the company earned $0.82 earnings per share. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts predict that Mondelez International, Inc. will post 3.45 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s payout ratio is currently 66.67%.

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

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.