Exchange Traded Concepts LLC Acquires 137,866 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Czech National Bank lifted its position in Mondelez International by 6.5% during the fourth quarter. Czech National Bank now owns 289,931 shares of the company’s stock worth $17,318,000 after acquiring an additional 17,815 shares during the last quarter. Legacy Private Trust Co. increased its stake in shares of Mondelez International by 33.2% during the fourth quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock worth $229,000 after purchasing an additional 957 shares during the period. Benjamin Edwards Inc. lifted its holdings in Mondelez International by 1,904.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company’s stock worth $31,369,000 after purchasing an additional 404,567 shares during the last quarter. Kingsview Wealth Management LLC boosted its stake in Mondelez International by 14.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock valued at $8,430,000 after purchasing an additional 14,278 shares during the period. Finally, Miracle Mile Advisors LLC grew its holdings in Mondelez International by 374.9% in the 4th quarter. Miracle Mile Advisors LLC now owns 22,124 shares of the company’s stock valued at $1,321,000 after buying an additional 17,465 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MDLZ shares. Redburn Atlantic began coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price for the company. The Goldman Sachs Group cut their price objective on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Wednesday. Wells Fargo & Company reiterated an “equal weight” rating and issued a $61.00 price target (down from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. Finally, UBS Group lowered their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and an average target price of $73.81.

Mondelez International Price Performance

Shares of MDLZ opened at $57.08 on Friday. The business has a 50-day moving average of $61.05 and a 200-day moving average of $67.06. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The company has a market capitalization of $76.33 billion, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 2.96 and a beta of 0.54. Mondelez International, Inc. has a 1 year low of $55.97 and a 1 year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. During the same quarter last year, the business earned $0.82 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 3.45 earnings per share for the current year.

Mondelez International Dividend Announcement

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

Mondelez International announced that its board has approved a stock repurchase program on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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.