Prospector Partners LLC Boosts Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Prospector Partners LLC raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 229,145 shares of the company’s stock after buying an additional 504 shares during the period. Mondelez International makes up approximately 1.5% of Prospector Partners LLC’s portfolio, making the stock its 27th largest position. Prospector Partners LLC’s holdings in Mondelez International were worth $13,687,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. ICICI Prudential Asset Management Co Ltd raised its position in shares of Mondelez International by 430.0% during the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company’s stock worth $5,520,000 after acquiring an additional 74,975 shares in the last quarter. Czech National Bank increased its holdings in shares of Mondelez International by 6.5% in the fourth quarter. Czech National Bank now owns 289,931 shares of the company’s stock valued at $17,318,000 after purchasing an additional 17,815 shares during the period. Buckingham Capital Management Inc. boosted its holdings in shares of Mondelez International by 25.5% in the fourth quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company’s stock valued at $5,578,000 after acquiring an additional 18,961 shares in the last quarter. Legacy Private Trust Co. increased its position in Mondelez International by 33.2% during the 4th quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock worth $229,000 after purchasing an additional 957 shares during the period. Finally, Kennedy Investment Group purchased a new position in Mondelez International in the fourth quarter worth $313,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MDLZ shares. Deutsche Bank Aktiengesellschaft reduced their price target 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, January 22nd. DZ Bank lowered shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective for the company. in a research report on Friday, February 7th. Dbs Bank lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. Barclays lowered their price objective on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Finally, Mizuho upped their price target on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and an average price target of $70.20.

Mondelez International Trading Down 2.3 %

NASDAQ:MDLZ opened at $66.31 on Friday. The stock has a market cap of $85.77 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The business’s 50-day simple moving average is $63.25 and its 200 day simple moving average is $64.54.

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 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%. As a group, sell-side analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

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

Mondelez International declared that its Board of Directors has approved a stock repurchase program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

About Mondelez International

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.