Andra AP fonden Makes New Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

Andra AP fonden acquired a new position in Mondelez International, Inc. (NASDAQ:MDLZ) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 46,700 shares of the company’s stock, valued at approximately $2,789,000.

Other hedge funds have also added to or reduced their stakes in the company. Leavell Investment Management Inc. raised its position in shares of Mondelez International by 3.3% in the third quarter. Leavell Investment Management Inc. now owns 11,022 shares of the company’s stock valued at $817,000 after purchasing an additional 352 shares during the period. CWA Asset Management Group LLC bought a new stake in shares of Mondelez International in the third quarter valued at approximately $423,000. United Bank raised its position in shares of 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. Verdence Capital Advisors LLC raised its position in shares of Mondelez International by 1.1% in the third quarter. Verdence Capital Advisors LLC now owns 15,396 shares of the company’s stock valued at $1,134,000 after purchasing an additional 173 shares during the period. Finally, Assetmark Inc. raised its position in shares of Mondelez International by 6.5% in the third quarter. Assetmark Inc. now owns 96,741 shares of the company’s stock valued at $7,127,000 after purchasing an additional 5,892 shares during the period. Institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on MDLZ shares. DZ Bank lowered shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target on the stock. in a research report on Friday, February 7th. Royal Bank of Canada decreased their target price on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. UBS Group decreased their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. The Goldman Sachs Group decreased their target price on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, Argus lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $69.74.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $67.74 on Monday. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The stock has a market capitalization of $87.62 billion, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The company has a fifty day moving average of $60.06 and a 200-day moving average of $65.52. 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 announced its quarterly earnings data 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 research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.78%. Mondelez International’s dividend payout ratio (DPR) is 54.97%.

Mondelez International announced that its Board of Directors has initiated a share buyback plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Mondelez International 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.