Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,682,573 shares of the company’s stock after purchasing an additional 21,865 shares during the period. Victory Capital Management Inc.’s holdings in Mondelez International were worth $100,500,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Truvestments Capital LLC acquired a new stake in Mondelez International during the 3rd quarter worth $25,000. Prospera Private Wealth LLC purchased a new position in Mondelez International during the 3rd quarter worth $27,000. Marshall Investment Management LLC purchased a new position in Mondelez International during the 4th quarter worth $26,000. Hager Investment Management Services LLC purchased a new position in Mondelez International during the 4th quarter worth $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Mondelez International during the 4th quarter worth $31,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ opened at $66.30 on Thursday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The firm has a market cap of $85.76 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The business has a fifty day moving average of $59.77 and a 200-day moving average of $65.61.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. On average, equities research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be given a $0.47 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.84%. Mondelez International’s payout ratio is 54.97%.

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

Analyst Ratings Changes

A number of equities analysts have commented on MDLZ shares. UBS Group cut their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Citigroup cut 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 report on Wednesday, January 8th. Dbs Bank downgraded shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Wells Fargo & Company cut their price objective on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Finally, DZ Bank downgraded shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target for the company. in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and a consensus target price 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.