Delta Financial Group Inc. Invests $213,000 in Mondelez International, Inc. (NASDAQ:MDLZ)

Delta Financial Group Inc. bought a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,564 shares of the company’s stock, valued at approximately $213,000.

Several other hedge funds have also made changes to their positions in MDLZ. MONECO Advisors LLC lifted its position in shares of Mondelez International by 16.9% in the 4th quarter. MONECO Advisors LLC now owns 4,585 shares of the company’s stock worth $274,000 after acquiring an additional 662 shares during the period. Pavion Blue Capital LLC raised its stake in shares of Mondelez International by 2.9% in the fourth quarter. Pavion Blue Capital LLC now owns 90,221 shares of the company’s stock valued at $5,389,000 after purchasing an additional 2,582 shares in the last quarter. Howard Capital Management Inc. lifted its position in Mondelez International by 3.1% in the fourth quarter. Howard Capital Management Inc. now owns 38,838 shares of the company’s stock worth $2,320,000 after purchasing an additional 1,162 shares during the period. Marshall Investment Management LLC acquired a new stake in Mondelez International during the fourth quarter worth $26,000. Finally, TCW Group Inc. increased its holdings in Mondelez International by 0.5% in the 4th quarter. TCW Group Inc. now owns 97,369 shares of the company’s stock valued at $5,816,000 after buying an additional 465 shares during the period. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 4.1 %

Shares of NASDAQ:MDLZ opened at $64.70 on Monday. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The firm has a market cap of $83.69 billion, a P/E ratio of 18.92, a P/E/G ratio of 4.34 and a beta of 0.54. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The company’s 50-day moving average price is $58.98 and its two-hundred day moving average price is $65.87.

Mondelez International (NASDAQ:MDLZ) last released its quarterly 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 net margin of 12.68% and a return on equity of 16.75%. As a group, research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given 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 dividend yield of 2.91%. Mondelez International’s payout ratio is currently 54.97%.

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

Analysts Set New Price Targets

MDLZ has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their price objective on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and cut their price target for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. Wells Fargo & Company lowered their price objective on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. UBS Group dropped their target price on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Royal Bank of Canada decreased their price target 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.