FUKOKU MUTUAL LIFE INSURANCE Co Grows Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

FUKOKU MUTUAL LIFE INSURANCE Co raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 19.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,721 shares of the company’s stock after purchasing an additional 946 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Mondelez International were worth $342,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Truvestments Capital LLC acquired a new stake in Mondelez International in the 3rd quarter valued at approximately $25,000. Marshall Investment Management LLC purchased a new position in Mondelez International in the fourth quarter valued at approximately $26,000. Prospera Private Wealth LLC acquired a new position in Mondelez International during the third quarter worth approximately $27,000. Hager Investment Management Services LLC purchased a new position in shares of Mondelez International during the fourth quarter worth about $27,000. Finally, McClarren Financial Advisors Inc. purchased a new stake in shares of Mondelez International during the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of MDLZ stock opened at $63.45 on Thursday. The firm has a market cap of $82.07 billion, a P/E ratio of 18.55, a P/E/G ratio of 4.34 and a beta of 0.54. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The firm has a fifty day moving average of $59.21 and a two-hundred day moving average of $65.79. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data 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%. As a group, research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International announced that its Board of Directors has approved a stock buyback plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is currently 54.97%.

Analyst Ratings Changes

Several research firms recently weighed in on MDLZ. Barclays dropped their price objective on Mondelez International from $69.00 to $63.00 and set an “overweight” 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 for the company in a research report on Wednesday, January 22nd. Wells Fargo & Company decreased their price target on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Dbs Bank downgraded shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. Finally, Argus lowered Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.