Zions Bancorporation N.A. Boosts Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Zions Bancorporation N.A. increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 51.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,621 shares of the company’s stock after buying an additional 10,707 shares during the period. Zions Bancorporation N.A.’s holdings in Mondelez International were worth $1,889,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in MDLZ. United Bank boosted its holdings in Mondelez International by 12.7% in the third quarter. United Bank now owns 22,649 shares of the company’s stock valued at $1,669,000 after purchasing an additional 2,549 shares during the period. Larson Financial Group LLC boosted its stake in shares of Mondelez International by 82.7% in the 3rd quarter. Larson Financial Group LLC now owns 2,811 shares of the company’s stock valued at $207,000 after buying an additional 1,272 shares during the period. Douglass Winthrop Advisors LLC grew its position in shares of Mondelez International by 11.8% during the third quarter. Douglass Winthrop Advisors LLC now owns 12,280 shares of the company’s stock worth $905,000 after buying an additional 1,300 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of Mondelez International during the third quarter worth approximately $25,000. Finally, Horizon Kinetics Asset Management LLC raised its holdings in Mondelez International by 7.3% in the third quarter. Horizon Kinetics Asset Management LLC now owns 16,429 shares of the company’s stock valued at $1,210,000 after acquiring an additional 1,112 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Down 0.4 %

Mondelez International stock opened at $64.69 on Wednesday. The stock has a market capitalization of $83.68 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 4.34 and a beta of 0.50. 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 50 day moving average of $61.67 and a two-hundred day moving average of $64.91. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06.

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

Mondelez International Announces Dividend

The firm 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 $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio is presently 54.97%.

Mondelez International declared that its Board of Directors has initiated 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 repurchase up to 10.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of a number of recent analyst reports. Barclays dropped their price objective on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. UBS Group dropped their target price on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Argus downgraded Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Mizuho increased their price objective on Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, February 14th. Finally, Stifel Nicolaus decreased their target price on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and an average target price of $69.70.

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.