Cincinnati Specialty Underwriters Insurance CO Buys 15,000 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Cincinnati Specialty Underwriters Insurance CO boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 37.5% in the 4th quarter, HoldingsChannel reports. The firm owned 55,000 shares of the company’s stock after acquiring an additional 15,000 shares during the period. Mondelez International makes up about 0.9% of Cincinnati Specialty Underwriters Insurance CO’s portfolio, making the stock its 24th largest position. Cincinnati Specialty Underwriters Insurance CO’s holdings in Mondelez International were worth $3,285,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Continuum Advisory LLC grew its stake in shares of 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. First Horizon Advisors Inc. increased its holdings in shares of Mondelez International by 1.8% during the fourth quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company’s stock valued at $627,000 after acquiring an additional 181 shares in the last quarter. Traphagen Investment Advisors LLC boosted its position in shares of Mondelez International by 0.8% during the fourth quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company’s stock valued at $1,411,000 after buying an additional 187 shares during the last quarter. Core Alternative Capital lifted its position in shares of Mondelez International by 1.7% during the fourth quarter. Core Alternative Capital now owns 11,448 shares of the company’s stock valued at $684,000 after purchasing an additional 187 shares in the last quarter. Finally, Waldron Private Wealth LLC grew its holdings in shares of Mondelez International by 1.0% in the fourth quarter. Waldron Private Wealth LLC now owns 19,496 shares of the company’s stock valued at $1,164,000 after acquiring an additional 191 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on MDLZ. Citigroup reduced their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. DZ Bank lowered Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective for the company. in a report on Friday, February 7th. The Goldman Sachs Group cut their target price on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and cut their price objective for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. Finally, UBS Group lowered their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.50.

Mondelez International Trading Up 1.8 %

MDLZ stock opened at $67.50 on Friday. The firm’s fifty day simple moving average is $62.06 and its two-hundred day simple moving average is $64.94. The stock has a market capitalization of $87.31 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth 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, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results 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, analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International announced that its board has approved a share repurchase plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.79%. Mondelez International’s dividend payout ratio (DPR) is 54.97%.

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.