Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by Mattern Capital Management LLC

Mattern Capital Management LLC boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 10.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 123,519 shares of the company’s stock after purchasing an additional 12,123 shares during the period. Mattern Capital Management LLC’s holdings in Mondelez International were worth $7,378,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Sequoia Financial Advisors LLC raised its holdings in shares of Mondelez International by 26.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 31,473 shares of the company’s stock valued at $2,319,000 after purchasing an additional 6,677 shares in the last quarter. Stanley Laman Group Ltd. bought a new position in Mondelez International in the 3rd quarter worth $431,000. Private Advisor Group LLC raised its holdings in Mondelez International by 9.8% in the 3rd quarter. Private Advisor Group LLC now owns 62,687 shares of the company’s stock worth $4,618,000 after acquiring an additional 5,585 shares during the period. McAdam LLC bought a new position in Mondelez International in the 3rd quarter worth $238,000. Finally, International Assets Investment Management LLC raised its holdings in Mondelez International by 8,591.9% in the 3rd quarter. International Assets Investment Management LLC now owns 806,085 shares of the company’s stock worth $59,384,000 after acquiring an additional 796,811 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MDLZ has been the topic of several research analyst reports. Dbs Bank lowered shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Mizuho raised their price target on shares of Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. Wells Fargo & Company decreased their target price on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Stifel Nicolaus decreased their target price on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Finally, The Goldman Sachs Group decreased their target price on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and an average target price of $69.74.

Mondelez International Trading Up 0.4 %

Shares of MDLZ stock opened at $62.17 on Friday. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a market capitalization of $80.42 billion, a P/E ratio of 18.18, a P/E/G ratio of 4.27 and a beta of 0.54. The firm has a 50-day moving average price of $58.92 and a 200 day moving average price of $65.94. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

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%. Research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International declared that its Board of Directors has authorized a share buyback program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio is presently 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.