Vinva Investment Management Ltd Has $3.99 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Vinva Investment Management Ltd raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 66,957 shares of the company’s stock after acquiring an additional 4,766 shares during the period. Vinva Investment Management Ltd’s holdings in Mondelez International were worth $3,988,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MDLZ. Raymond James Financial Inc. acquired a new stake in Mondelez International during the 4th quarter valued at $256,832,000. Van ECK Associates Corp increased its stake in shares of Mondelez International by 2,560.0% in the fourth quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock worth $203,749,000 after acquiring an additional 3,282,937 shares during the last quarter. Ilex Capital Partners UK LLP acquired a new position in shares of Mondelez International in the third quarter worth $219,045,000. FMR LLC increased its stake in shares of Mondelez International by 14.2% in the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after acquiring an additional 2,268,639 shares during the last quarter. Finally, Holocene Advisors LP acquired a new position in shares of Mondelez International in the third quarter worth $159,823,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Down 1.0 %

MDLZ stock opened at $64.00 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a 50-day moving average of $61.07 and a two-hundred day moving average of $65.24. The stock has a market capitalization of $82.79 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ) last released its earnings results 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%. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

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

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors 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 of this dividend is Monday, March 31st. Mondelez International’s payout ratio is presently 54.97%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on MDLZ shares. Argus downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Dbs Bank downgraded shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. The Goldman Sachs Group dropped their price target on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. DZ Bank downgraded shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target on the stock. in a research note on Friday, February 7th. Finally, Royal Bank of Canada dropped their price target on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and an average target price of $69.74.

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.