Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by Tufton Capital Management

Tufton Capital Management increased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 7.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,271 shares of the company’s stock after purchasing an additional 8,203 shares during the period. Tufton Capital Management’s holdings in Mondelez International were worth $6,766,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Mizuho Securities USA LLC lifted its stake in Mondelez International by 12,057.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after acquiring an additional 12,470,573 shares during the period. Van ECK Associates Corp lifted its stake in Mondelez International by 2,560.0% during the 4th quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock valued at $203,749,000 after acquiring an additional 3,282,937 shares during the period. Ilex Capital Partners UK LLP acquired a new stake in Mondelez International during the 3rd quarter valued at approximately $219,045,000. FMR LLC lifted its stake in Mondelez International by 14.2% during the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after acquiring an additional 2,268,639 shares during the period. Finally, Holocene Advisors LP acquired a new stake in Mondelez International during the 3rd quarter valued at approximately $159,823,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Price Performance

Mondelez International stock opened at $63.98 on Friday. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The firm has a market capitalization of $82.76 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 4.34 and a beta of 0.54. The company has a fifty day simple moving average of $59.31 and a 200-day simple moving average of $65.78. 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 released 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 16.75% and a net margin of 12.68%. On average, equities analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International announced that its Board of Directors has initiated a share buyback plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Mondelez International Dividend Announcement

The firm also recently announced 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. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

Wall Street Analyst Weigh In

MDLZ has been the subject of several research reports. Dbs Bank cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. DZ Bank cut shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective for the company. in a research note on Friday, February 7th. Citigroup decreased their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Argus cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Barclays decreased their target price on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $69.74.

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.