Cascade Investment Advisors Inc. Acquires 300 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Cascade Investment Advisors Inc. lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 18,225 shares of the company’s stock after acquiring an additional 300 shares during the quarter. Cascade Investment Advisors Inc.’s holdings in Mondelez International were worth $1,089,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MDLZ. Truvestments Capital LLC purchased a new position in shares of Mondelez International in the 3rd quarter worth about $25,000. Prospera Private Wealth LLC bought a new position in shares of Mondelez International during the 3rd quarter valued at approximately $27,000. Richardson Financial Services Inc. increased its stake in shares of Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares during the last quarter. Highline Wealth Partners LLC bought a new stake in shares of Mondelez International in the 3rd quarter worth approximately $38,000. Finally, Albion Financial Group UT purchased a new position in Mondelez International in the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MDLZ. Stifel Nicolaus lowered their target price on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Wednesday, January 22nd. Redburn Atlantic assumed coverage on Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target for the company. Wells Fargo & Company reiterated an “equal weight” rating and issued a $61.00 target price (down from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. Finally, Citigroup reduced their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $73.06.

Mondelez International Stock Up 1.6 %

Shares of NASDAQ:MDLZ opened at $58.32 on Tuesday. The stock has a market capitalization of $77.98 billion, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 2.96 and a beta of 0.54. The stock’s 50-day moving average price is $60.74 and its 200-day moving average price is $66.95. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 12-month low of $55.97 and a 12-month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same period last year, the company earned $0.82 EPS. Mondelez International’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities analysts anticipate that Mondelez International, Inc. will post 3.45 earnings per share for the current year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio is 66.67%.

Mondelez International declared that its board has initiated a share 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 buy up to 10.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are 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.