ING Groep NV Has $14.72 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

ING Groep NV trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 9.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 246,356 shares of the company’s stock after selling 25,551 shares during the period. ING Groep NV’s holdings in Mondelez International were worth $14,715,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Flossbach Von Storch SE lifted its position in shares of Mondelez International by 1.0% in the fourth quarter. Flossbach Von Storch SE now owns 193,884 shares of the company’s stock valued at $11,581,000 after buying an additional 1,900 shares during the last quarter. Morningstar Investment Management LLC lifted its position in shares of Mondelez International by 5.8% in the fourth quarter. Morningstar Investment Management LLC now owns 21,964 shares of the company’s stock valued at $1,312,000 after buying an additional 1,195 shares during the last quarter. Advyzon Investment Management LLC acquired a new stake in shares of Mondelez International in the fourth quarter valued at approximately $218,000. Handelsbanken Fonder AB lifted its position in shares of Mondelez International by 9.1% in the fourth quarter. Handelsbanken Fonder AB now owns 612,961 shares of the company’s stock valued at $36,612,000 after buying an additional 50,970 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of Mondelez International by 4.8% in the fourth quarter. Private Advisor Group LLC now owns 65,672 shares of the company’s stock valued at $3,923,000 after buying an additional 2,985 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Trading Up 0.4 %

Shares of MDLZ opened at $62.17 on Friday. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The business’s fifty day moving average is $58.92 and its 200-day moving average is $65.94. 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 firm has a market cap of $80.42 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 4.27 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Equities analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International announced that its board has authorized a stock buyback plan on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors 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 3.02%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is 54.97%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MDLZ. Barclays lowered their target price on Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Citigroup lowered their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. DZ Bank lowered Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price on the stock. in a research note on Friday, February 7th. Mizuho increased their target price on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. Finally, Stifel Nicolaus lowered their target price on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $69.74.

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.