3,835 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Purchased by Partners in Financial Planning

Partners in Financial Planning bought a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,835 shares of the company’s stock, valued at approximately $229,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MDLZ. 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 shares of Mondelez International in the fourth quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Mondelez International in the fourth quarter worth about $31,000. McClarren Financial Advisors Inc. acquired a new position in Mondelez International during the fourth quarter worth about $32,000. Finally, Sierra Ocean LLC purchased a new stake in Mondelez International during the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on MDLZ shares. Mizuho raised their target price on shares of Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. UBS Group lowered their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Morgan Stanley assumed coverage on Mondelez International in a research note on Monday, March 24th. They issued an “overweight” rating and a $69.00 target price for the company. Dbs Bank cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Finally, Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and cut their price objective for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and an average target price of $69.50.

Mondelez International Trading Up 0.3 %

Shares of NASDAQ MDLZ opened at $67.72 on Monday. The stock has a fifty day simple moving average of $62.25 and a 200-day simple moving average of $64.75. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve 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 has a market capitalization of $87.60 billion, a PE ratio of 19.80, 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 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%. On average, equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

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 issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.78%. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Mondelez International announced that its board has authorized a share repurchase program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management 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.