Holderness Investments Co. Purchases 423 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Holderness Investments Co. lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,688 shares of the company’s stock after buying an additional 423 shares during the period. Holderness Investments Co.’s holdings in Mondelez International were worth $698,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. HUB Investment Partners LLC increased its position in shares of Mondelez International by 14.0% in the 4th quarter. HUB Investment Partners LLC now owns 20,435 shares of the company’s stock valued at $1,221,000 after buying an additional 2,515 shares in the last quarter. Whittier Trust Co. increased its position in shares of Mondelez International by 20.1% in the 4th quarter. Whittier Trust Co. now owns 360,936 shares of the company’s stock valued at $21,555,000 after buying an additional 60,473 shares in the last quarter. Northwest & Ethical Investments L.P. increased its position in shares of Mondelez International by 238.1% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 85,936 shares of the company’s stock valued at $5,133,000 after buying an additional 60,522 shares in the last quarter. iA Global Asset Management Inc. increased its position in shares of Mondelez International by 1.8% in the 4th quarter. iA Global Asset Management Inc. now owns 178,937 shares of the company’s stock valued at $10,688,000 after buying an additional 3,111 shares in the last quarter. Finally, Magnetar Financial LLC boosted its stake in Mondelez International by 355.3% in the 4th quarter. Magnetar Financial LLC now owns 70,307 shares of the company’s stock worth $4,199,000 after purchasing an additional 54,864 shares during the period. Institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MDLZ. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research note on Wednesday, January 22nd. Royal Bank of Canada reduced their target price on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Barclays reduced their target price on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Dbs Bank lowered shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. Finally, UBS Group reduced their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.74.

Mondelez International Trading Down 0.1 %

Shares of NASDAQ:MDLZ opened at $63.95 on Friday. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a market capitalization of $82.72 billion, a P/E ratio of 18.70, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The company has a 50-day simple moving average of $61.18 and a 200 day simple moving average of $65.23. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (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%. Sell-side analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International announced that its Board of Directors has initiated a stock buyback plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.94%. Mondelez International’s dividend payout ratio (DPR) is currently 54.97%.

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.