Cincinnati Specialty Underwriters Insurance CO Acquires 15,000 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Cincinnati Specialty Underwriters Insurance CO raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 37.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,000 shares of the company’s stock after purchasing an additional 15,000 shares during the period. Mondelez International accounts for approximately 0.9% of Cincinnati Specialty Underwriters Insurance CO’s investment portfolio, making the stock its 24th largest holding. Cincinnati Specialty Underwriters Insurance CO’s holdings in Mondelez International were worth $3,285,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Truvestments Capital LLC purchased a new stake in Mondelez International during the third quarter worth $25,000. Marshall Investment Management LLC acquired a new position in shares of Mondelez International during the 4th quarter worth approximately $26,000. Hager Investment Management Services LLC acquired a new stake in shares of Mondelez International in the 4th quarter worth $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Mondelez International in the 4th quarter valued at approximately $31,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in Mondelez International during the fourth quarter worth $32,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 1.8 %

MDLZ opened at $67.50 on Friday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The business has a 50 day moving average price of $62.06 and a 200 day moving average price of $64.94. 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 firm has a market cap of $87.31 billion, a P/E ratio of 19.74, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio is 54.97%.

Mondelez International announced that its Board of Directors has initiated a stock repurchase 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 stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts have weighed in on MDLZ shares. Royal Bank of Canada lowered their target price on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Wells Fargo & Company cut their target price on 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. UBS Group dropped their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. Finally, DZ Bank lowered 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.50.

Mondelez International Company 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.