Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by Meadow Creek Wealth Advisors LLC

Meadow Creek Wealth Advisors LLC grew its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 15.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,906 shares of the company’s stock after acquiring an additional 519 shares during the period. Meadow Creek Wealth Advisors LLC’s holdings in Mondelez International were worth $233,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Czech National Bank lifted its holdings in shares of Mondelez International by 6.5% in the 3rd quarter. Czech National Bank now owns 272,116 shares of the company’s stock valued at $20,047,000 after buying an additional 16,507 shares during the period. Bangor Savings Bank lifted its holdings in Mondelez International by 89.0% in the third quarter. Bangor Savings Bank now owns 4,794 shares of the company’s stock valued at $353,000 after acquiring an additional 2,258 shares during the period. Axiom Advisory LLC boosted its position in shares of Mondelez International by 1.6% during the 3rd quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after purchasing an additional 143 shares in the last quarter. Atomi Financial Group Inc. grew its stake in shares of Mondelez International by 47.9% during the 3rd quarter. Atomi Financial Group Inc. now owns 8,898 shares of the company’s stock worth $655,000 after purchasing an additional 2,882 shares during the period. Finally, Country Trust Bank increased its holdings in shares of Mondelez International by 108.6% in the 3rd quarter. Country Trust Bank now owns 2,401 shares of the company’s stock valued at $177,000 after purchasing an additional 1,250 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their target price 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. Stifel Nicolaus reduced their price objective on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a report on Friday, January 24th. Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 target price on shares of Mondelez International in a research report on Thursday, January 30th. UBS Group cut their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft lowered 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. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $72.35.

Mondelez International Price Performance

MDLZ stock opened at $57.43 on Thursday. The stock has a market capitalization of $76.79 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The stock’s fifty day simple moving average is $59.76 and its 200-day simple moving average is $66.53.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly 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 net margin of 10.58% and a return on equity of 17.53%. Equities research analysts expect that Mondelez International, Inc. will post 3.44 EPS for the current year.

Mondelez International declared that its Board of Directors has authorized a stock repurchase 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 shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.27%. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

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.