Meeder Advisory Services Inc. Has $1.79 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Meeder Advisory Services Inc. lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,969 shares of the company’s stock after acquiring an additional 355 shares during the period. Meeder Advisory Services Inc.’s holdings in Mondelez International were worth $1,790,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

MDLZ has been the topic of a number of recent analyst reports. Citigroup decreased their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Barclays decreased their target price on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Argus downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. Finally, The Goldman Sachs Group cut their target price on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $70.20.

Mondelez International Price Performance

MDLZ stock opened at $66.13 on Thursday. The company has a market capitalization of $85.54 billion, a P/E ratio of 19.34, a PEG ratio of 4.34 and a beta of 0.50. The company has a fifty day moving average price of $62.85 and a 200-day moving average price of $64.66. 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 52-week low of $53.95 and a 52-week high of $76.06.

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 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%. As a group, equities analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.84%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is presently 54.97%.

Mondelez International declared that its board has initiated a stock repurchase 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 stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are 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.