Mn Services Vermogensbeheer B.V. Acquires 12,900 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Mn Services Vermogensbeheer B.V. lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 540,900 shares of the company’s stock after buying an additional 12,900 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Mondelez International were worth $32,308,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Truvestments Capital LLC acquired a new stake in Mondelez International in the third quarter valued at $25,000. Marshall Investment Management LLC acquired a new stake in Mondelez International in the fourth quarter valued at $26,000. Prospera Private Wealth LLC bought a new stake in Mondelez International during the third quarter valued at $27,000. Hager Investment Management Services LLC bought a new stake in Mondelez International during the fourth quarter valued at $27,000. Finally, McClarren Financial Advisors Inc. bought a new stake in Mondelez International during the fourth quarter valued at $32,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MDLZ shares. The Goldman Sachs Group cut their price objective on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Wells Fargo & Company dropped 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. Barclays dropped their price target 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. Dbs Bank cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Finally, Stifel Nicolaus decreased their price objective on shares of 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 equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $69.74.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $63.45 on Thursday. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The firm has a market capitalization of $82.07 billion, a P/E ratio of 18.55, a P/E/G ratio of 4.34 and a beta of 0.54. The business has a fifty day simple moving average of $59.21 and a two-hundred day simple moving average of $65.79. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last released its 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 return on equity of 16.75% and a net margin of 12.68%. On average, equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently announced 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 dividend yield of 2.96%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

Mondelez International declared that its board has initiated a share buyback program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

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.