Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by Calamos Wealth Management LLC

Calamos Wealth Management LLC boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 6.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,681 shares of the company’s stock after acquiring an additional 327 shares during the quarter. Calamos Wealth Management LLC’s holdings in Mondelez International were worth $339,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Czech National Bank boosted its holdings in Mondelez International by 6.5% in the fourth quarter. Czech National Bank now owns 289,931 shares of the company’s stock valued at $17,318,000 after purchasing an additional 17,815 shares during the last quarter. Legacy Private Trust Co. raised its position in shares of Mondelez International by 33.2% in the 4th quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock valued at $229,000 after purchasing an additional 957 shares in the last quarter. Kennedy Investment Group purchased a new position in shares of Mondelez International during the 4th quarter valued at approximately $313,000. Benjamin Edwards Inc. grew its position in shares of Mondelez International by 1,904.9% during the third quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company’s stock worth $31,369,000 after buying an additional 404,567 shares in the last quarter. Finally, Kingsview Wealth Management LLC increased its stake in shares of Mondelez International by 14.3% in the third quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock worth $8,430,000 after buying an additional 14,278 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Down 2.2 %

MDLZ stock opened at $56.12 on Wednesday. The stock has a market cap of $75.04 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54. The firm’s 50-day simple moving average is $59.94 and its 200 day simple moving average is $66.60. Mondelez International, Inc. has a fifty-two week low of $55.88 and a fifty-two week high of $76.69. 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 (NASDAQ:MDLZ) last announced 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 10.58% and a return on equity of 17.53%. As a group, sell-side analysts predict that Mondelez International, Inc. will post 3.44 EPS for the current year.

Mondelez International declared that its Board of Directors has approved a share repurchase plan on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.35%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s payout ratio is currently 66.67%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Wells Fargo & Company reissued an “equal weight” rating and set a $61.00 price objective (down from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $75.00 price objective on shares of Mondelez International in a report on Thursday, January 30th. Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and cut their price objective for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Redburn Atlantic began coverage on Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price for the company. Finally, Bank of America upped their price target on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $72.76.

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.