Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by Tufton Capital Management

Tufton Capital Management raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 7.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 113,271 shares of the company’s stock after purchasing an additional 8,203 shares during the quarter. Tufton Capital Management’s holdings in Mondelez International were worth $6,766,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Truvestments Capital LLC acquired a new position in Mondelez International in the third quarter valued at about $25,000. Prospera Private Wealth LLC acquired a new position in Mondelez International in the third quarter valued at about $27,000. Marshall Investment Management LLC acquired a new position in Mondelez International in the fourth quarter valued at about $26,000. Hager Investment Management Services LLC acquired a new position in Mondelez International in the fourth quarter valued at about $27,000. Finally, Highline Wealth Partners LLC acquired a new position in Mondelez International in the third quarter valued at about $38,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $63.98 on Friday. The firm has a market capitalization of $82.76 billion, a P/E ratio of 18.71, a P/E/G ratio of 4.34 and a beta of 0.54. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. 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 firm’s 50 day moving average is $59.31 and its two-hundred day moving average is $65.78.

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

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given 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 dividend yield of 2.94%. Mondelez International’s dividend payout ratio (DPR) 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 outstanding shares. This buyback authorization allows the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MDLZ shares. Dbs Bank cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Mizuho increased their price target on shares of Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and reduced their price target for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. Wells Fargo & Company reduced their price target on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada reduced their price target on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. One 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.