Weik Capital Management Boosts Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Weik Capital Management increased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 4.4% during the 4th quarter, Holdings Channel reports. The fund owned 19,735 shares of the company’s stock after purchasing an additional 835 shares during the quarter. Weik Capital Management’s holdings in Mondelez International were worth $1,179,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MDLZ. Truvestments Capital LLC acquired a new stake in Mondelez International in the 3rd quarter valued at about $25,000. Marshall Investment Management LLC purchased a new stake in shares of Mondelez International during the fourth quarter worth approximately $26,000. Hager Investment Management Services LLC acquired a new stake in Mondelez International in the fourth quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in Mondelez International in the fourth quarter worth approximately $31,000. Finally, McClarren Financial Advisors Inc. acquired a new position in Mondelez International during the 4th quarter worth approximately $32,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Citigroup decreased their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Barclays decreased their price target on Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Jefferies Financial Group downgraded Mondelez International from a “buy” rating to a “hold” rating and dropped their price objective for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. Morgan Stanley started coverage on Mondelez International in a research note on Monday. They set an “overweight” rating and a $69.00 target price for the company. Finally, UBS Group dropped their price target on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $69.50.

Mondelez International Trading Up 1.8 %

NASDAQ:MDLZ opened at $67.50 on Friday. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The stock’s 50 day simple moving average is $62.06 and its 200-day simple moving average is $64.94. The firm has a market cap of $87.31 billion, a P/E ratio of 19.74, a PEG 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 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Equities analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

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

Mondelez International Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

Mondelez International Company 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.