Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 27.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,697 shares of the company’s stock after purchasing an additional 17,166 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Mondelez International were worth $4,643,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MDLZ. Raymond James Financial Inc. acquired a new stake in Mondelez International during the fourth quarter worth about $256,832,000. Van ECK Associates Corp increased its position in Mondelez International by 2,560.0% during the fourth quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock worth $203,749,000 after purchasing an additional 3,282,937 shares during the last quarter. Ilex Capital Partners UK LLP acquired a new stake in Mondelez International during the third quarter worth about $219,045,000. FMR LLC increased its position in Mondelez International by 14.2% during the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after purchasing an additional 2,268,639 shares during the last quarter. Finally, Holocene Advisors LP acquired a new stake in Mondelez International during the third quarter worth about $159,823,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Down 0.7 %

Shares of Mondelez International stock opened at $64.65 on Wednesday. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a 50 day moving average of $60.95 and a 200 day moving average of $65.25. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $83.63 billion, a P/E ratio of 18.90, a P/E/G ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (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, research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International announced that its board has authorized a share 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 buy up to 10.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.91%. Mondelez International’s payout ratio is currently 54.97%.

Wall Street Analyst Weigh In

MDLZ has been the subject of several research analyst reports. DZ Bank lowered shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price for the company. in a research note on Friday, February 7th. Jefferies Financial Group lowered shares of Mondelez International from a “buy” rating to a “hold” rating and lowered their target price for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research note on Wednesday, January 22nd. Citigroup lowered their target price on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company lowered their target price on shares of 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and an average 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.