Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 3.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 326,828 shares of the company’s stock after purchasing an additional 12,020 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Mondelez International were worth $13,916,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MDLZ. Beach Investment Management LLC. acquired a new position in Mondelez International during the 2nd quarter worth approximately $441,000. Pax World Management LLC increased its position in Mondelez International by 10.0% during the 2nd quarter. Pax World Management LLC now owns 12,059 shares of the company’s stock worth $521,000 after purchasing an additional 1,100 shares during the period. Cadence Capital Management LLC increased its position in Mondelez International by 1.7% during the 2nd quarter. Cadence Capital Management LLC now owns 21,515 shares of the company’s stock worth $929,000 after purchasing an additional 358 shares during the period. Mosaic Family Wealth LLC increased its position in Mondelez International by 5.5% during the 2nd quarter. Mosaic Family Wealth LLC now owns 11,597 shares of the company’s stock worth $501,000 after purchasing an additional 600 shares during the period. Finally, Tocqueville Asset Management L.P. increased its position in Mondelez International by 1,550.7% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 288,342 shares of the company’s stock worth $12,453,000 after purchasing an additional 270,874 shares during the period. Institutional investors own 76.11% of the company’s stock.
Shares of Mondelez International Inc (NASDAQ:MDLZ) opened at $44.05 on Thursday. Mondelez International Inc has a 52 week low of $39.19 and a 52 week high of $47.23. The company has a quick ratio of 0.31, a current ratio of 0.48 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $66,574.98, a P/E ratio of 23.06, a P/E/G ratio of 1.51 and a beta of 0.92.
Mondelez International announced that its board has initiated a share repurchase plan on Wednesday, January 31st that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.
The business also recently announced a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Friday, December 29th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Thursday, December 28th. Mondelez International’s payout ratio is currently 46.07%.
MDLZ has been the topic of several recent analyst reports. TheStreet raised Mondelez International from a “c+” rating to a “b” rating in a research note on Thursday, December 21st. UBS Group reissued a “buy” rating and set a $49.00 price target on shares of Mondelez International in a research note on Friday, October 13th. Morgan Stanley decreased their price target on Mondelez International from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, October 13th. Zacks Investment Research raised Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Friday, January 12th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $52.00 price target on shares of Mondelez International in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $50.82.
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About Mondelez International
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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