Allianz SE Makes New $6.89 Million Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

Allianz SE acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 115,665 shares of the company’s stock, valued at approximately $6,889,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MDLZ. Transamerica Financial Advisors Inc. increased its position in shares of Mondelez International by 28.8% in the 4th quarter. Transamerica Financial Advisors Inc. now owns 18,092 shares of the company’s stock valued at $1,081,000 after purchasing an additional 4,043 shares during the last quarter. Allstate Corp acquired a new position in shares of Mondelez International during the fourth quarter worth $2,379,000. DnB Asset Management AS increased its holdings in Mondelez International by 8.4% in the fourth quarter. DnB Asset Management AS now owns 298,679 shares of the company’s stock valued at $17,840,000 after buying an additional 23,040 shares during the last quarter. Cincinnati Insurance Co. increased its holdings in shares of Mondelez International by 33.4% in the 4th quarter. Cincinnati Insurance Co. now owns 1,159,500 shares of the company’s stock valued at $69,257,000 after acquiring an additional 290,000 shares during the last quarter. Finally, denkapparat Operations GmbH purchased a new position in Mondelez International in the fourth quarter valued at approximately $342,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MDLZ shares. Stifel Nicolaus reduced their price target on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Wells Fargo & Company reduced their target price on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. DZ Bank downgraded Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target on the stock. in a research note on Friday, February 7th. Dbs Bank lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Finally, The Goldman Sachs Group decreased their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and a consensus price target of $69.50.

Mondelez International Stock Up 0.3 %

Mondelez International stock opened at $67.72 on Friday. The stock’s 50 day moving average price is $62.25 and its 200 day moving average price is $64.81. The company has a market cap of $87.60 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly 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%. On average, sell-side analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International announced that its board has authorized a share repurchase program 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 programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.78%. Mondelez International’s payout ratio is 54.97%.

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.