Union Bancaire Privee UBP SA Acquires New Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Union Bancaire Privee UBP SA bought a new position in Mondelez International, Inc. (NASDAQ:MDLZ) during the 4th quarter, Holdings Channel.com reports. The fund bought 1,900 shares of the company’s stock, valued at approximately $113,000.

Other large investors have also made changes to their positions in the company. Apexium Financial LP grew its position in Mondelez International by 65.2% during the fourth quarter. Apexium Financial LP now owns 5,826 shares of the company’s stock valued at $350,000 after buying an additional 2,300 shares during the period. Capital Asset Advisory Services LLC boosted its stake in shares of Mondelez International by 0.9% during the 4th quarter. Capital Asset Advisory Services LLC now owns 22,268 shares of the company’s stock worth $1,333,000 after acquiring an additional 202 shares during the last quarter. Blue Trust Inc. grew its position in shares of Mondelez International by 17.2% during the 4th quarter. Blue Trust Inc. now owns 51,196 shares of the company’s stock valued at $3,058,000 after acquiring an additional 7,508 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of Mondelez International by 13.7% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 7,993 shares of the company’s stock worth $477,000 after purchasing an additional 965 shares in the last quarter. Finally, Stablepoint Partners LLC lifted its position in Mondelez International by 3.6% during the fourth quarter. Stablepoint Partners LLC now owns 40,803 shares of the company’s stock valued at $2,437,000 after purchasing an additional 1,399 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Price Performance

MDLZ stock opened at $57.13 on Thursday. The company has a fifty day simple moving average of $60.49 and a two-hundred day simple moving average of $66.84. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $76.39 billion, a P/E ratio of 20.26, a price-to-earnings-growth ratio of 2.96 and a beta of 0.54. Mondelez International, Inc. has a 52 week low of $55.97 and a 52 week high of $77.20.

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

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

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.29%. Mondelez International’s payout ratio is presently 66.67%.

Wall Street Analyst Weigh In

A number of brokerages have commented on MDLZ. UBS Group reduced their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. The Goldman Sachs Group decreased their target price on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research note 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 for the company in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. Finally, Redburn Atlantic assumed coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and a consensus target price of $73.06.

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.