Oakworth Capital Inc. Boosts Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Oakworth Capital Inc. lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 14.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,713 shares of the company’s stock after buying an additional 828 shares during the quarter. Oakworth Capital Inc.’s holdings in Mondelez International were worth $401,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Truvestments Capital LLC acquired a new position in Mondelez International during the third quarter worth about $25,000. Prospera Private Wealth LLC purchased a new stake in Mondelez International in the 3rd quarter valued at approximately $27,000. Hager Investment Management Services LLC acquired a new stake in Mondelez International during the 4th quarter valued at $27,000. Richardson Financial Services Inc. grew its holdings in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after buying an additional 200 shares during the last quarter. Finally, Highline Wealth Partners LLC acquired a new stake in Mondelez International during the 3rd quarter valued at $38,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of a number of analyst reports. Redburn Atlantic initiated coverage on Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price on the stock. Bank of America increased their target price on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Barclays lowered their target price on Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday. Citigroup decreased their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average target price of $71.59.

Mondelez International Stock Up 2.3 %

Shares of NASDAQ MDLZ opened at $57.43 on Thursday. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The firm has a market cap of $76.79 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 3.12 and a beta of 0.54. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The stock’s 50-day simple moving average is $59.61 and its 200-day simple moving average is $66.47.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. As a group, equities analysts anticipate that Mondelez International, Inc. will post 3.44 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a $0.47 dividend. The ex-dividend date 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 (DPR) is 66.67%.

Mondelez International declared that its board has approved a share buyback program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to repurchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Mondelez International 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.