Exchange Traded Concepts LLC Has $9.83 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Exchange Traded Concepts LLC grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 516.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 164,562 shares of the company’s stock after purchasing an additional 137,866 shares during the period. Exchange Traded Concepts LLC’s holdings in Mondelez International were worth $9,829,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Mizuho Securities USA LLC raised 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 worth $926,327,000 after buying an additional 12,470,573 shares during the period. Ilex Capital Partners UK LLP bought a new stake in shares of Mondelez International during the third quarter valued at approximately $219,045,000. FMR LLC raised its position in shares of Mondelez International by 14.2% during the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after purchasing an additional 2,268,639 shares during the period. Holocene Advisors LP bought a new position in shares of Mondelez International in the 3rd quarter worth $159,823,000. Finally, National Bank of Canada FI grew its position in Mondelez International by 173.7% in the 3rd quarter. National Bank of Canada FI now owns 3,049,440 shares of the company’s stock valued at $224,652,000 after purchasing an additional 1,935,356 shares during the period. Institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. The Goldman Sachs Group lowered their price objective on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Citigroup dropped their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. UBS Group decreased their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and dropped their target price for the company from $75.00 to $62.00 in a report on Tuesday. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $61.00 price target (down previously from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.81.

Mondelez International Trading Up 0.2 %

NASDAQ:MDLZ opened at $57.08 on Friday. Mondelez International, Inc. has a 12 month low of $55.97 and a 12 month high of $77.20. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The firm’s 50 day moving average is $61.05 and its 200 day moving average is $67.06. The stock has a market capitalization of $76.33 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 2.96 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. Sell-side analysts expect that Mondelez International, Inc. will post 3.45 earnings per share for the current year.

Mondelez International declared that its board has approved a stock buyback program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.29%. Mondelez International’s payout ratio is 66.67%.

About Mondelez International

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.