Buckingham Capital Management Inc. Increases Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Buckingham Capital Management Inc. increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 25.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,394 shares of the company’s stock after buying an additional 18,961 shares during the quarter. Buckingham Capital Management Inc.’s holdings in Mondelez International were worth $5,578,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in MDLZ. Creative Planning boosted its holdings in Mondelez International by 4.8% in the third quarter. Creative Planning now owns 343,226 shares of the company’s stock valued at $25,285,000 after purchasing an additional 15,845 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Mondelez International by 2.1% in the third quarter. Commonwealth Equity Services LLC now owns 453,653 shares of the company’s stock worth $33,421,000 after acquiring an additional 9,353 shares during the period. OLD National Bancorp IN raised its position in shares of Mondelez International by 4.1% during the 3rd quarter. OLD National Bancorp IN now owns 11,135 shares of the company’s stock worth $820,000 after purchasing an additional 436 shares during the last quarter. Vest Financial LLC raised its position in shares of Mondelez International by 126.7% during the 3rd quarter. Vest Financial LLC now owns 8,809 shares of the company’s stock worth $649,000 after purchasing an additional 4,924 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Mondelez International by 54.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 738,358 shares of the company’s stock worth $54,395,000 after purchasing an additional 260,036 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Trading Down 0.6 %

Shares of MDLZ opened at $60.82 on Tuesday. The company has a current ratio of 0.68, a quick ratio of 0.42 and a debt-to-equity ratio of 0.58. The firm’s 50-day moving average is $58.98 and its two-hundred day moving average is $66.11. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The firm has a market capitalization of $81.33 billion, a P/E ratio of 17.78, a PEG ratio of 4.04 and a beta of 0.54.

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

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

Mondelez International Dividend Announcement

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 given a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 3.09%. Mondelez International’s payout ratio is currently 54.97%.

Analyst Ratings Changes

MDLZ has been the subject of several research reports. DZ Bank cut shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective for the company. in a research note on Friday, February 7th. Royal Bank of Canada dropped their target price on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Mizuho lifted their target price on shares of Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a report on Friday. The Goldman Sachs Group dropped their target price on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, UBS Group dropped their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.74.

Mondelez International 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.