Calamos Advisors LLC Increases Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Calamos Advisors LLC lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 539,663 shares of the company’s stock after acquiring an additional 613 shares during the quarter. Calamos Advisors LLC’s holdings in Mondelez International were worth $32,234,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Patron Partners LLC increased its holdings in Mondelez International by 2.9% during the fourth quarter. Patron Partners LLC now owns 17,804 shares of the company’s stock valued at $1,063,000 after buying an additional 496 shares during the period. Brentview Investment Management LLC bought a new position in shares of Mondelez International in the 4th quarter worth $3,036,000. Princeton Global Asset Management LLC lifted its stake in shares of Mondelez International by 38.5% during the 4th quarter. Princeton Global Asset Management LLC now owns 4,606 shares of the company’s stock worth $275,000 after purchasing an additional 1,280 shares during the last quarter. Oregon Pacific Wealth Management LLC purchased a new stake in shares of Mondelez International during the fourth quarter valued at about $376,000. Finally, HHM Wealth Advisors LLC boosted its holdings in shares of Mondelez International by 25.5% in the 4th quarter. HHM Wealth Advisors LLC now owns 990 shares of the company’s stock valued at $59,000 after buying an additional 201 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MDLZ. Royal Bank of Canada restated an “outperform” rating and set a $75.00 price target on shares of Mondelez International in a research note on Thursday, January 30th. The Goldman Sachs Group lowered their price objective on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Bank of America raised their target price on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft dropped their price target on 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, Wells Fargo & Company restated an “equal weight” rating and issued a $61.00 price objective (down from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.76.

Mondelez International Stock Down 1.0 %

Shares of NASDAQ:MDLZ opened at $57.41 on Tuesday. Mondelez International, Inc. has a 52-week low of $55.97 and a 52-week high of $76.69. The stock has a market cap of $76.77 billion, a P/E ratio of 20.36, a PEG ratio of 3.12 and a beta of 0.54. The business has a fifty day moving average of $60.09 and a two-hundred day moving average of $66.67. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59.

Mondelez International announced that its Board of Directors has approved a stock buyback program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is 66.67%.

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.