Frank Rimerman Advisors LLC Increases Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Frank Rimerman Advisors LLC increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 11.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 25,702 shares of the company’s stock after buying an additional 2,702 shares during the period. Frank Rimerman Advisors LLC’s holdings in Mondelez International were worth $1,535,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. United Bank increased its holdings in shares of Mondelez International by 12.7% in the third quarter. United Bank now owns 22,649 shares of the company’s stock worth $1,669,000 after purchasing an additional 2,549 shares during the period. Versor Investments LP bought a new position in Mondelez International in the 3rd quarter worth about $243,000. Oppenheimer & Co. Inc. increased its stake in Mondelez International by 8.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 43,897 shares of the company’s stock worth $3,234,000 after acquiring an additional 3,373 shares during the last quarter. Kovack Advisors Inc. purchased a new stake in shares of Mondelez International in the 3rd quarter valued at about $312,000. Finally, Curi RMB Capital LLC grew its holdings in shares of Mondelez International by 17.8% during the third quarter. Curi RMB Capital LLC now owns 12,393 shares of the company’s stock worth $913,000 after purchasing an additional 1,873 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

MDLZ has been the topic of a number of recent analyst reports. Mizuho raised their target price on shares of Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. Argus cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Dbs Bank lowered shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Wells Fargo & Company lowered their price target on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a report on Wednesday, January 22nd. One equities 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 stock. Based on data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $69.74.

Mondelez International Trading Down 0.6 %

Shares of MDLZ opened at $64.31 on Friday. The stock has a market capitalization of $83.19 billion, a P/E ratio of 18.80, a PEG ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a fifty day simple moving average of $60.69 and a two-hundred day simple moving average of $65.38.

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

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is currently 54.97%.

Mondelez International announced that its board has approved a stock buyback program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are generally 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.