Mesirow Financial Investment Management Inc. Has $1.34 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Mesirow Financial Investment Management Inc. increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,427 shares of the company’s stock after buying an additional 567 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Mondelez International were worth $1,339,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Canopy Partners LLC increased its holdings in shares of Mondelez International by 1.2% during the third quarter. Canopy Partners LLC now owns 13,335 shares of the company’s stock valued at $982,000 after acquiring an additional 161 shares in the last quarter. Hardy Reed LLC increased its stake in Mondelez International by 1.4% during the 3rd quarter. Hardy Reed LLC now owns 11,511 shares of the company’s stock valued at $848,000 after purchasing an additional 161 shares in the last quarter. Verdence Capital Advisors LLC raised its holdings in Mondelez International by 1.1% during the third quarter. Verdence Capital Advisors LLC now owns 15,396 shares of the company’s stock worth $1,134,000 after buying an additional 173 shares during the last quarter. Continuum Advisory LLC raised its holdings in Mondelez International by 7.4% during the third quarter. Continuum Advisory LLC now owns 2,542 shares of the company’s stock worth $187,000 after buying an additional 175 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in shares of Mondelez International by 1.8% in the fourth quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company’s stock valued at $627,000 after buying an additional 181 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus lowered their target price on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Mizuho boosted their price objective on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. The Goldman Sachs Group dropped their target price on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. 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 report on Friday, February 7th. Finally, Royal Bank of Canada lowered their price target on Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. One equities 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. According to MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.74.

Mondelez International Stock Up 1.5 %

MDLZ opened at $67.74 on Friday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company’s 50-day moving average price is $60.06 and its two-hundred day moving average price is $65.60. The stock has a market cap of $87.62 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 4.34 and a beta of 0.50. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. As a group, equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.78%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is currently 54.97%.

Mondelez International declared that its Board of Directors has authorized a share repurchase program on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to buy up to 10.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership 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.