Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Tompkins Financial Corp

Tompkins Financial Corp grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 111.9% during the fourth quarter, Holdings Channel reports. The firm owned 7,861 shares of the company’s stock after acquiring an additional 4,152 shares during the quarter. Tompkins Financial Corp’s holdings in Mondelez International were worth $470,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of MDLZ. Empirical Asset Management LLC boosted its position in Mondelez International by 130.3% in the 4th quarter. Empirical Asset Management LLC now owns 53,742 shares of the company’s stock valued at $3,210,000 after buying an additional 30,410 shares during the period. BFI Infinity Ltd. acquired a new position in shares of Mondelez International during the 4th quarter worth about $285,000. Sawyer & Company Inc boosted its holdings in Mondelez International by 53.9% in the fourth quarter. Sawyer & Company Inc now owns 4,139 shares of the company’s stock valued at $247,000 after purchasing an additional 1,450 shares in the last quarter. Pinnacle Bancorp Inc. lifted its position in shares of Mondelez International by 36.2% during the 4th quarter. Pinnacle Bancorp Inc. now owns 1,936 shares of the company’s stock worth $116,000 after buying an additional 515 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in Mondelez International by 35.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 36,242 shares of the company’s stock worth $2,165,000 after purchasing an additional 9,567 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MDLZ. Bank of America lifted their target price on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Citigroup lowered their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Evercore ISI upped their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Redburn Atlantic assumed coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target on the stock. Finally, UBS Group lowered their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $74.93.

Mondelez International Stock Up 2.4 %

Shares of NASDAQ:MDLZ opened at $58.00 on Friday. Mondelez International, Inc. has a 1 year low of $55.97 and a 1 year high of $77.20. The stock has a 50-day simple moving average of $61.91 and a 200-day simple moving average of $67.36. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The stock has a market capitalization of $77.56 billion, a P/E ratio of 20.57, a PEG ratio of 2.99 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.14. The company had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 earnings per share. Equities analysts forecast that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.24%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s payout ratio is 66.67%.

Mondelez International declared that its board 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 purchase up to 10.7% of its shares through open market purchases. Shares buyback programs are often 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.