Rhumbline Advisers Has $163.79 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Rhumbline Advisers raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,742,126 shares of the company’s stock after purchasing an additional 37,897 shares during the quarter. Rhumbline Advisers’ holdings in Mondelez International were worth $163,787,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. grew its holdings in shares of Mondelez International by 16.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock valued at $78,000 after acquiring an additional 150 shares in the last quarter. Canopy Partners LLC increased its position in Mondelez International by 1.2% during the third quarter. Canopy Partners LLC now owns 13,335 shares of the company’s stock worth $982,000 after buying an additional 161 shares during the last quarter. Hardy Reed LLC increased its position in Mondelez International by 1.4% during the third quarter. Hardy Reed LLC now owns 11,511 shares of the company’s stock worth $848,000 after buying an additional 161 shares during the last quarter. Interchange Capital Partners LLC increased its position in Mondelez International by 4.9% during the third quarter. Interchange Capital Partners LLC now owns 3,490 shares of the company’s stock worth $257,000 after buying an additional 163 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC increased its position in Mondelez International by 2.2% during the third quarter. Avidian Wealth Enterprises LLC now owns 7,641 shares of the company’s stock worth $563,000 after buying an additional 163 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on MDLZ. Mizuho increased their target price on shares of Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday. Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and lowered their target price for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. Barclays lowered their target price on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Royal Bank of Canada lowered their target price on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and an average target price of $69.74.

Mondelez International Stock Down 0.6 %

NASDAQ MDLZ opened at $60.82 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.42 and a current ratio of 0.68. The firm has a 50-day simple moving average of $59.02 and a 200 day simple moving average of $66.18. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The stock has a market cap of $81.33 billion, a PE ratio of 17.78, a PEG ratio of 4.04 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 EPS 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, research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders 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 dividend yield of 3.09%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

Mondelez International announced that its board has authorized a stock buyback 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 shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

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.