Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 132,437,250 shares of the company’s stock after buying an additional 931,776 shares during the quarter. Vanguard Group Inc. owned approximately 0.10% of Mondelez International worth $7,910,477,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MDLZ. Truvestments Capital LLC acquired a new position in Mondelez International in the 3rd quarter worth about $25,000. 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. Kohmann Bosshard Financial Services LLC acquired a new position in Mondelez International in the 4th quarter worth about $31,000. Finally, McClarren Financial Advisors Inc. acquired a new position in Mondelez International in the 4th quarter worth about $32,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Up 0.9 %

MDLZ opened at $64.51 on Monday. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The stock has a market capitalization of $83.45 billion, a PE ratio of 18.86, a P/E/G ratio of 4.34 and a beta of 0.50. The business’s 50 day moving average price is $61.35 and its 200 day moving average price is $65.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ) last released 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 net margin of 12.68% and a return on equity of 16.75%. As a group, equities research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International declared that its board has approved a share repurchase program on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Mondelez International Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Barclays cut 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. 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 research note on Friday, February 7th. Mizuho boosted their price objective on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. Jefferies Financial Group lowered 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 research note on Tuesday, January 21st. Finally, Argus lowered Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $69.74.

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.