Fisher Funds Management LTD Purchases New Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Fisher Funds Management LTD purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 209,704 shares of the company’s stock, valued at approximately $12,491,000.

Several other institutional investors have also made changes to their positions in MDLZ. Private Advisor Group LLC boosted its stake in shares of Mondelez International by 9.8% in the third quarter. Private Advisor Group LLC now owns 62,687 shares of the company’s stock valued at $4,618,000 after buying an additional 5,585 shares during the period. McAdam LLC bought a new stake in Mondelez International during the third quarter worth $238,000. International Assets Investment Management LLC lifted its stake in Mondelez International by 8,591.9% during the third quarter. International Assets Investment Management LLC now owns 806,085 shares of the company’s stock worth $59,384,000 after purchasing an additional 796,811 shares during the last quarter. Dakota Wealth Management lifted its stake in Mondelez International by 1.2% during the third quarter. Dakota Wealth Management now owns 50,227 shares of the company’s stock worth $3,710,000 after purchasing an additional 615 shares during the last quarter. Finally, Ballentine Partners LLC lifted its stake in Mondelez International by 15.9% during the third quarter. Ballentine Partners LLC now owns 18,684 shares of the company’s stock worth $1,376,000 after purchasing an additional 2,562 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $64.70 on Friday. The company has a market capitalization of $83.69 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 4.34 and a beta of 0.54. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The stock has a fifty day simple moving average of $58.98 and a 200 day simple moving average of $65.89. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data 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 net margin of 12.68% and a return on equity of 16.75%. Sell-side analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International announced that its Board of Directors has authorized a share buyback program on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Mondelez International Dividend Announcement

The firm also recently declared 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 is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.91%. Mondelez International’s payout ratio is currently 54.97%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Barclays cut their target price on Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Stifel Nicolaus cut their target price on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and cut their target price for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. Mizuho upped their target price on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. Finally, Wells Fargo & Company dropped their price target on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. One 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 data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and an average target price of $69.74.

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.