Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by First Horizon Advisors Inc.

First Horizon Advisors Inc. raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,499 shares of the company’s stock after acquiring an additional 181 shares during the period. First Horizon Advisors Inc.’s holdings in Mondelez International were worth $627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Truvestments Capital LLC purchased a new stake in shares of Mondelez International in the third quarter valued at about $25,000. Prospera Private Wealth LLC purchased a new stake in shares of Mondelez International in the third quarter valued at about $27,000. Hager Investment Management Services LLC purchased a new stake in shares of Mondelez International in the fourth quarter valued at about $27,000. Highline Wealth Partners LLC purchased a new stake in shares of Mondelez International in the third quarter valued at about $38,000. Finally, Sierra Ocean LLC purchased a new stake in shares of Mondelez International in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MDLZ. UBS Group reduced their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Barclays reduced their target price on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Citigroup cut their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada cut their price target on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Finally, Argus cut shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.74.

Mondelez International Stock Up 1.1 %

MDLZ stock opened at $65.36 on Tuesday. The company’s 50 day simple moving average is $59.05 and its 200-day simple moving average is $65.83. The firm has a market capitalization of $84.55 billion, a PE ratio of 19.11, a P/E/G ratio of 4.34 and a beta of 0.54. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48.

Mondelez International (NASDAQ:MDLZ) last released its quarterly 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 net margin of 12.68% and a return on equity of 16.75%. Equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

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

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be given a dividend of $0.47 per share. 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 2.88%. Mondelez International’s dividend payout ratio (DPR) is currently 54.97%.

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.