Stablepoint Partners LLC Acquires 1,399 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Stablepoint Partners LLC boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,803 shares of the company’s stock after buying an additional 1,399 shares during the quarter. Stablepoint Partners LLC’s holdings in Mondelez International were worth $2,437,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. MBB Public Markets I LLC boosted its holdings in Mondelez International by 910.6% in the second quarter. MBB Public Markets I LLC now owns 96,926 shares of the company’s stock worth $6,343,000 after purchasing an additional 87,335 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Mondelez International by 2.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 897,335 shares of the company’s stock worth $58,722,000 after buying an additional 18,044 shares during the last quarter. Lighthouse Investment Partners LLC bought a new stake in shares of Mondelez International in the second quarter worth $3,599,000. Legal & General Group Plc increased its position in Mondelez International by 2.6% during the second quarter. Legal & General Group Plc now owns 11,452,735 shares of the company’s stock valued at $749,467,000 after acquiring an additional 293,773 shares during the last quarter. Finally, Alethea Capital Management LLC purchased a new stake in Mondelez International during the second quarter valued at $479,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

MDLZ stock opened at $57.42 on Friday. The firm has a 50-day simple moving average of $60.74 and a two-hundred day simple moving average of $66.93. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. Mondelez International, Inc. has a one year low of $55.97 and a one year high of $77.20. The firm has a market cap of $76.78 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 2.96 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter last year, the firm earned $0.82 EPS. The business’s quarterly revenue was up 1.9% on a year-over-year basis. On average, equities analysts forecast that Mondelez International, Inc. will post 3.45 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s payout ratio is currently 66.67%.

Mondelez International announced that its Board of Directors has approved a share buyback program on Wednesday, December 11th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

MDLZ has been the subject of a number of recent research reports. Stifel Nicolaus cut their price target on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft cut their target price on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research report on Wednesday. Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and decreased their price target for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. Wells Fargo & Company reissued an “equal weight” rating and set a $61.00 price objective (down previously from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. Finally, UBS Group decreased 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. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $73.06.

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.