Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 18,702.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,503 shares of the company’s stock after acquiring an additional 45,261 shares during the period. New Age Alpha Advisors LLC’s holdings in Mondelez International were worth $2,718,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MDLZ. Weik Capital Management raised its position in Mondelez International by 4.4% in the fourth quarter. Weik Capital Management now owns 19,735 shares of the company’s stock valued at $1,179,000 after purchasing an additional 835 shares during the period. Cincinnati Specialty Underwriters Insurance CO raised its holdings in shares of Mondelez International by 37.5% during the 4th quarter. Cincinnati Specialty Underwriters Insurance CO now owns 55,000 shares of the company’s stock valued at $3,285,000 after buying an additional 15,000 shares during the period. Norges Bank acquired a new position in Mondelez International during the 4th quarter worth approximately $1,118,755,000. Caisse Des Depots ET Consignations purchased a new position in Mondelez International in the 4th quarter worth approximately $3,067,000. Finally, Blair William & Co. IL grew its position in Mondelez International by 2.3% in the fourth quarter. Blair William & Co. IL now owns 295,333 shares of the company’s stock valued at $17,640,000 after acquiring an additional 6,658 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Up 0.3 %

NASDAQ:MDLZ opened at $67.72 on Friday. The firm has a market capitalization of $87.60 billion, a P/E ratio of 19.80, a P/E/G ratio of 4.34 and a beta of 0.50. The business has a 50 day simple moving average of $62.25 and a 200 day simple moving average of $64.81. 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 12-month low of $53.95 and a 12-month high of $76.06.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly 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%. Equities research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 10.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Mondelez International Dividend Announcement

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

Analysts Set New Price Targets

MDLZ has been the topic of several analyst reports. Morgan Stanley initiated coverage on shares of Mondelez International in a research note on Monday, March 24th. They set an “overweight” rating and a $69.00 price target on the stock. Mizuho boosted their price target on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. Barclays lowered their price objective on Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. UBS Group cut their target price on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $69.50.

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.