Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by AGF Management Ltd.

AGF Management Ltd. lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,694,580 shares of the company’s stock after buying an additional 88,494 shares during the period. AGF Management Ltd. owned about 0.13% of Mondelez International worth $101,217,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Canopy Partners LLC increased its stake in Mondelez International by 1.2% in the 3rd quarter. Canopy Partners LLC now owns 13,335 shares of the company’s stock valued at $982,000 after purchasing an additional 161 shares in the last quarter. Hardy Reed LLC grew its holdings in Mondelez International by 1.4% during the 3rd quarter. Hardy Reed LLC now owns 11,511 shares of the company’s stock valued at $848,000 after buying an additional 161 shares during the last quarter. Verdence Capital Advisors LLC grew its holdings in Mondelez International by 1.1% during the 3rd quarter. Verdence Capital Advisors LLC now owns 15,396 shares of the company’s stock valued at $1,134,000 after buying an additional 173 shares during the last quarter. Continuum Advisory LLC grew its holdings in Mondelez International by 7.4% during the 3rd quarter. Continuum Advisory LLC now owns 2,542 shares of the company’s stock valued at $187,000 after buying an additional 175 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in Mondelez International by 1.8% during the 4th quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company’s stock valued at $627,000 after buying an additional 181 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group decreased their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Royal Bank of Canada decreased their price objective on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Wells Fargo & Company decreased their price objective on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Dbs Bank cut Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.74.

Mondelez International Price Performance

NASDAQ MDLZ opened at $68.15 on Tuesday. 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, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a market capitalization of $88.15 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The firm’s 50 day moving average is $60.23 and its 200-day moving average is $65.50.

Mondelez International (NASDAQ:MDLZ) last issued 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%. Equities research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders 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 annualized dividend and a yield of 2.76%. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Mondelez International announced that its board has initiated a share buyback plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

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.