Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by CORDA Investment Management LLC.

CORDA Investment Management LLC. grew its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 20.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 565,156 shares of the company’s stock after acquiring an additional 95,985 shares during the quarter. Mondelez International comprises 2.7% of CORDA Investment Management LLC.’s holdings, making the stock its 14th largest position. CORDA Investment Management LLC.’s holdings in Mondelez International were worth $33,757,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Highline Wealth Partners LLC purchased a new stake in shares of Mondelez International during the third quarter worth $38,000. Pinnacle Associates Ltd. grew its stake in Mondelez International by 8.6% during the 3rd quarter. Pinnacle Associates Ltd. now owns 120,896 shares of the company’s stock valued at $8,756,000 after acquiring an additional 9,523 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV grew its stake in Mondelez International by 2.3% during the 3rd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 58,127 shares of the company’s stock valued at $4,282,000 after acquiring an additional 1,306 shares in the last quarter. Catalyst Financial Partners LLC raised its holdings in Mondelez International by 5.6% in the 3rd quarter. Catalyst Financial Partners LLC now owns 9,621 shares of the company’s stock valued at $709,000 after acquiring an additional 507 shares during the last quarter. Finally, Congress Asset Management Co. lifted its stake in Mondelez International by 1.1% in the 3rd quarter. Congress Asset Management Co. now owns 140,712 shares of the company’s stock worth $10,366,000 after purchasing an additional 1,513 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MDLZ. Mizuho upped their price target on Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, February 14th. Wells Fargo & Company dropped their target price on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Citigroup reduced their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Stifel Nicolaus dropped their price objective on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a report on Friday, January 24th. Finally, Argus downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and a consensus target price of $69.74.

Mondelez International Stock Up 0.8 %

Shares of NASDAQ MDLZ opened at $63.98 on Friday. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The business’s 50 day moving average is $59.31 and its two-hundred day moving average is $65.78. The firm has a market cap of $82.76 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 4.34 and a beta of 0.54. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) 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%. Research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

Mondelez International announced that its Board of Directors has authorized a stock repurchase program on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are 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.