Charles Schwab Investment Management Inc. Boosts Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Charles Schwab Investment Management Inc. grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,944,294 shares of the company’s stock after buying an additional 267,100 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.59% of Mondelez International worth $474,513,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Truvestments Capital LLC acquired a new stake in Mondelez International in the third quarter valued at $25,000. Marshall Investment Management LLC bought a new stake in shares of Mondelez International in the 4th quarter worth about $26,000. Prospera Private Wealth LLC acquired a new stake in shares of Mondelez International in the 3rd quarter valued at about $27,000. Hager Investment Management Services LLC bought a new position in shares of Mondelez International during the fourth quarter worth about $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Mondelez International in the fourth quarter worth about $31,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Down 0.7 %

NASDAQ:MDLZ opened at $65.29 on Wednesday. The stock has a market cap of $84.45 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 4.34 and a beta of 0.54. 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, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The business has a fifty day moving average of $59.64 and a 200-day moving average of $65.61.

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

Mondelez International declared that its Board of Directors has initiated a stock repurchase plan 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 plans are often an indication that the company’s board believes its shares are undervalued.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.88%. Mondelez International’s dividend payout ratio is presently 54.97%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Barclays cut their price objective on Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Dbs Bank lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. Mizuho boosted their target price on shares of Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. Finally, Citigroup decreased their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.