Klingenstein Fields & Co. LP Increases Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Klingenstein Fields & Co. LP boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 273,963 shares of the company’s stock after purchasing an additional 319 shares during the quarter. Klingenstein Fields & Co. LP’s holdings in Mondelez International were worth $16,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Creative Planning grew its holdings in shares of Mondelez International by 4.8% in the third quarter. Creative Planning now owns 343,226 shares of the company’s stock worth $25,285,000 after purchasing an additional 15,845 shares during the last quarter. SeaCrest Wealth Management LLC boosted its holdings in Mondelez International by 1.3% in the third quarter. SeaCrest Wealth Management LLC now owns 12,130 shares of the company’s stock valued at $894,000 after acquiring an additional 156 shares in the last quarter. Sumitomo Life Insurance Co. boosted its holdings in Mondelez International by 2.4% in the third quarter. Sumitomo Life Insurance Co. now owns 24,953 shares of the company’s stock valued at $1,838,000 after acquiring an additional 577 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in shares of Mondelez International by 2.0% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 138,107 shares of the company’s stock valued at $10,174,000 after buying an additional 2,654 shares in the last quarter. Finally, Twelve Points Wealth Management LLC boosted its holdings in shares of Mondelez International by 7.1% during the 3rd quarter. Twelve Points Wealth Management LLC now owns 4,247 shares of the company’s stock valued at $313,000 after buying an additional 280 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

MDLZ stock opened at $61.16 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The business’s fifty day simple moving average is $59.06 and its two-hundred day simple moving average is $66.22. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The firm has a market cap of $81.78 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 4.04 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released 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%. Analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

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

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 3.07%. Mondelez International’s payout ratio is 54.97%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MDLZ. Redburn Atlantic assumed coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price on the stock. UBS Group decreased their target price on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research report on Wednesday, January 22nd. Royal Bank of Canada reduced their price target on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. 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 equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average target price of $69.72.

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.