Rodgers Brothers Inc. Boosts Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Rodgers Brothers Inc. raised its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,510 shares of the company’s stock after acquiring an additional 715 shares during the period. Rodgers Brothers Inc.’s holdings in Mondelez International were worth $1,225,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Marshall Investment Management LLC acquired a new position in Mondelez International during the fourth quarter valued at $26,000. Hager Investment Management Services LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at about $31,000. Sierra Ocean LLC acquired a new position in shares of Mondelez International in the 4th quarter valued at about $32,000. Finally, McClarren Financial Advisors Inc. purchased a new stake in shares of Mondelez International in the fourth quarter worth about $32,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $67.72 on Monday. The company has a market cap of $87.60 billion, a P/E ratio of 19.80, a P/E/G ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company’s 50-day moving average price is $62.25 and its 200-day moving average price is $64.75. 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 earnings per share for the quarter, missing analysts’ consensus estimates 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, sell-side analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International declared that its Board of Directors has authorized 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 buy up to 10.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Mondelez International Dividend Announcement

The business 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 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is currently 54.97%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MDLZ shares. Stifel Nicolaus decreased their price target on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a report on Friday, January 24th. The Goldman Sachs Group decreased their target price on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Morgan Stanley began coverage on shares of Mondelez International in a report on Monday, March 24th. They set an “overweight” rating and a $69.00 price target on the stock. Royal Bank of Canada cut their price objective on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Finally, UBS Group lowered their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $69.50.

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.