LGT Fund Management Co Ltd. Has $633,000 Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

LGT Fund Management Co Ltd. grew its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 28.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 10,600 shares of the company’s stock after acquiring an additional 2,349 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in Mondelez International were worth $633,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Truvestments Capital LLC acquired a new position in Mondelez International in the 3rd quarter worth about $25,000. Prospera Private Wealth LLC acquired a new position in Mondelez International in the 3rd quarter worth about $27,000. Marshall Investment Management LLC acquired a new position in Mondelez International in the 4th quarter worth about $26,000. Hager Investment Management Services LLC acquired a new position in Mondelez International in the 4th quarter worth about $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Mondelez International in the 4th quarter worth about $31,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

Shares of MDLZ stock opened at $65.78 on Tuesday. The stock has a 50 day moving average of $59.54 and a two-hundred day moving average of $65.64. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a market capitalization of $85.09 billion, a P/E ratio of 19.23, a P/E/G ratio of 4.34 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS 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%. As a group, equities analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International announced that its Board of Directors has approved a share buyback program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a $0.47 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.86%. Mondelez International’s dividend payout ratio is currently 54.97%.

Analysts Set New Price Targets

Several brokerages have weighed in on MDLZ. Barclays dropped their target price on Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Mizuho upped their price target on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. DZ Bank downgraded Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target for the company. in a research note on Friday, February 7th. 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. Finally, Dbs Bank downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.74.

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.