Verity Asset Management Inc. Acquires 937 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Verity Asset Management Inc. boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 14.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,486 shares of the company’s stock after buying an additional 937 shares during the quarter. Verity Asset Management Inc.’s holdings in Mondelez International were worth $439,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Rockline Wealth Management LLC grew its position in shares of Mondelez International by 9.0% during the 4th quarter. Rockline Wealth Management LLC now owns 3,649 shares of the company’s stock valued at $218,000 after acquiring an additional 300 shares during the period. Tempus Wealth Planning LLC grew its holdings in Mondelez International by 8.1% during the fourth quarter. Tempus Wealth Planning LLC now owns 3,699 shares of the company’s stock valued at $221,000 after purchasing an additional 276 shares during the period. Calamos Wealth Management LLC increased its position in Mondelez International by 6.1% in the fourth quarter. Calamos Wealth Management LLC now owns 5,681 shares of the company’s stock worth $339,000 after buying an additional 327 shares in the last quarter. Patron Partners LLC increased its position in Mondelez International by 2.9% in the fourth quarter. Patron Partners LLC now owns 17,804 shares of the company’s stock worth $1,063,000 after buying an additional 496 shares in the last quarter. Finally, Brentview Investment Management LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at about $3,036,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. The Goldman Sachs Group decreased their target price on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and dropped their target price for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. Royal Bank of Canada restated an “outperform” rating and issued a $75.00 price objective on shares of Mondelez International in a research report on Thursday, January 30th. Citigroup cut their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Finally, Bank of America boosted their price target on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $72.76.

Mondelez International Trading Down 1.0 %

Shares of MDLZ stock opened at $57.41 on Tuesday. The company has a market cap of $76.77 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The stock’s 50 day simple moving average is $60.09 and its two-hundred day simple moving average is $66.67. Mondelez International, Inc. has a 1 year low of $55.97 and a 1 year high of $76.69.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 3.27%. Mondelez International’s dividend payout ratio is presently 66.67%.

Mondelez International announced that its board has initiated a stock buyback program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase programs are generally 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.