Mitsubishi UFJ Asset Management Co. Ltd. Has $142.38 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,378,557 shares of the company’s stock after purchasing an additional 165,176 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Mondelez International were worth $142,380,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Continuum Advisory LLC grew its holdings in shares of Mondelez International by 7.4% during the third quarter. Continuum Advisory LLC now owns 2,542 shares of the company’s stock valued at $187,000 after buying an additional 175 shares in the last quarter. First Horizon Advisors Inc. boosted its position in Mondelez International by 1.8% during the 4th quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company’s stock worth $627,000 after acquiring an additional 181 shares during the period. Traphagen Investment Advisors LLC grew its stake in Mondelez International by 0.8% during the 4th quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company’s stock valued at $1,411,000 after acquiring an additional 187 shares in the last quarter. Core Alternative Capital increased its holdings in shares of Mondelez International by 1.7% in the 4th quarter. Core Alternative Capital now owns 11,448 shares of the company’s stock valued at $684,000 after purchasing an additional 187 shares during the period. Finally, Waldron Private Wealth LLC lifted its position in shares of Mondelez International by 1.0% in the fourth quarter. Waldron Private Wealth LLC now owns 19,496 shares of the company’s stock worth $1,164,000 after purchasing an additional 191 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $67.50 on Friday. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The firm has a fifty day simple moving average of $62.06 and a 200-day simple moving average of $64.94. 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 $87.31 billion, a price-to-earnings 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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. On average, sell-side analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International declared that its Board of Directors has approved a share repurchase program on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership 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 issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is currently 54.97%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Dbs Bank downgraded shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and lowered their price target for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. UBS Group cut their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Royal Bank of Canada lowered their target price on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Finally, Barclays dropped their target price on Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.50.

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.