Commerzbank Aktiengesellschaft FI Acquires 610,163 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Commerzbank Aktiengesellschaft FI grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 175.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 958,566 shares of the company’s stock after purchasing an additional 610,163 shares during the quarter. Mondelez International makes up approximately 1.4% of Commerzbank Aktiengesellschaft FI’s investment portfolio, making the stock its 26th largest position. Commerzbank Aktiengesellschaft FI owned approximately 0.07% of Mondelez International worth $57,255,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Czech National Bank lifted its holdings in Mondelez International by 6.5% during the 4th quarter. Czech National Bank now owns 289,931 shares of the company’s stock valued at $17,318,000 after buying an additional 17,815 shares in the last quarter. Buckingham Capital Management Inc. boosted its holdings in shares of Mondelez International by 25.5% in the fourth quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company’s stock valued at $5,578,000 after purchasing an additional 18,961 shares during the period. Legacy Private Trust Co. grew its stake in Mondelez International by 33.2% in the fourth quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock worth $229,000 after purchasing an additional 957 shares in the last quarter. Kennedy Investment Group purchased a new position in Mondelez International during the 4th quarter worth $313,000. Finally, Rhumbline Advisers raised its position in Mondelez International by 1.4% during the 4th quarter. Rhumbline Advisers now owns 2,742,126 shares of the company’s stock valued at $163,787,000 after purchasing an additional 37,897 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Trading Up 2.4 %

NASDAQ MDLZ opened at $65.78 on Tuesday. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a fifty day simple moving average of $59.54 and a two-hundred day simple 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. The stock has a market cap 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 issued its quarterly 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%. On average, analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International announced that its board has authorized a share buyback program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Mondelez International Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MDLZ. Citigroup dropped their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus cut their target price on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Wells Fargo & Company reduced their price target on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Argus downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Dbs Bank downgraded shares of 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 given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, 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.