Rockline Wealth Management LLC Raises Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Rockline Wealth Management LLC increased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 9.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,649 shares of the company’s stock after purchasing an additional 300 shares during the quarter. Rockline Wealth Management LLC’s holdings in Mondelez International were worth $218,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MDLZ. Czech National Bank raised its position in shares of Mondelez International by 6.5% during the 3rd quarter. Czech National Bank now owns 272,116 shares of the company’s stock worth $20,047,000 after purchasing an additional 16,507 shares during the last quarter. GAMMA Investing LLC grew its holdings in Mondelez International by 48.1% in the third quarter. GAMMA Investing LLC now owns 20,694 shares of the company’s stock valued at $1,525,000 after purchasing an additional 6,719 shares during the period. Azzad Asset Management Inc. ADV grew its stake in shares of Mondelez International by 1.6% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 74,572 shares of the company’s stock valued at $5,494,000 after buying an additional 1,188 shares during the period. Value Partners Investments Inc. acquired a new stake in shares of Mondelez International during the 3rd quarter worth $4,233,000. Finally, Oak Asset Management LLC purchased a new position in shares of Mondelez International in the 3rd quarter worth about $237,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Down 1.0 %

NASDAQ MDLZ opened at $57.41 on Tuesday. The company’s fifty day moving average price is $60.09 and its two-hundred day moving average price is $66.67. The company has a market capitalization of $76.77 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54. Mondelez International, Inc. has a 12 month low of $55.97 and a 12 month high of $76.69. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42.

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

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s payout ratio is currently 66.67%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. UBS Group reduced their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Bank of America boosted their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Redburn Atlantic started coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price for the company. Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and reduced their price target for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a report on Wednesday, January 22nd. Five 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 a consensus target price of $72.76.

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.