Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by AM Investment Strategies LLC

AM Investment Strategies LLC raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 151.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,249 shares of the company’s stock after acquiring an additional 10,387 shares during the period. AM Investment Strategies LLC’s holdings in Mondelez International were worth $1,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Exchange Traded Concepts LLC increased its holdings in shares of Mondelez International by 516.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 164,562 shares of the company’s stock valued at $9,829,000 after acquiring an additional 137,866 shares during the period. CX Institutional grew its position in Mondelez International by 2.6% during the 4th quarter. CX Institutional now owns 85,092 shares of the company’s stock worth $5,083,000 after purchasing an additional 2,191 shares during the last quarter. Patriot Investment Management Group Inc. increased its stake in Mondelez International by 5.7% in the fourth quarter. Patriot Investment Management Group Inc. now owns 4,487 shares of the company’s stock valued at $268,000 after purchasing an additional 241 shares during the period. Southland Equity Partners LLC raised its holdings in shares of Mondelez International by 34.3% in the fourth quarter. Southland Equity Partners LLC now owns 8,345 shares of the company’s stock valued at $498,000 after buying an additional 2,132 shares during the last quarter. Finally, RFG Advisory LLC boosted its stake in shares of Mondelez International by 12.9% during the fourth quarter. RFG Advisory LLC now owns 5,417 shares of the company’s stock worth $324,000 after buying an additional 619 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ opened at $57.42 on Friday. Mondelez International, Inc. has a 12-month low of $55.97 and a 12-month high of $77.20. The stock has a market cap of $76.78 billion, a P/E ratio of 20.36, a PEG ratio of 2.96 and a beta of 0.54. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average of $60.88 and a two-hundred day moving average of $66.99.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. The firm had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. Mondelez International’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 EPS. As a group, research analysts predict that Mondelez International, Inc. will post 3.45 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio is presently 66.67%.

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

Wall Street Analyst Weigh In

MDLZ has been the subject of several analyst reports. Bank of America upped their price objective on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Redburn Atlantic started coverage on Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. UBS Group dropped their price objective 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. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and lowered their target price for the company from $75.00 to $62.00 in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $73.06.

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.