Blair William & Co. IL Has $17.64 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Blair William & Co. IL grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 295,333 shares of the company's stock after acquiring an additional 6,658 shares during the period. Blair William & Co. IL's holdings in Mondelez International were worth $17,640,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Truvestments Capital LLC bought a new stake in Mondelez International during the 3rd quarter valued at approximately $25,000. Marshall Investment Management LLC bought a new stake in shares of Mondelez International in the fourth quarter valued at approximately $26,000. Hager Investment Management Services LLC acquired a new stake in shares of Mondelez International in the fourth quarter worth $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Mondelez International during the fourth quarter worth $31,000. Finally, Sierra Ocean LLC bought a new stake in Mondelez International in the 4th quarter valued at $32,000. Institutional investors own 78.32% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Piper Sandler boosted their price objective on shares of Mondelez International from $56.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, March 27th. Royal Bank of Canada lowered their price objective on Mondelez International from $75.00 to $69.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research note on Wednesday, January 22nd. Morgan Stanley began coverage on shares of Mondelez International in a research report on Monday, March 24th. They set an "overweight" rating and a $69.00 target price on the stock. Finally, Wells Fargo & Company increased their price target on shares of Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $70.20.

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Mondelez International Trading Down 2.2 %

Shares of NASDAQ:MDLZ traded down $1.48 during midday trading on Wednesday, hitting $66.17. The company had a trading volume of 3,085,714 shares, compared to its average volume of 7,926,881. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The firm has a fifty day simple moving average of $62.65 and a 200 day simple moving average of $64.65. The stock has a market cap of $85.59 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. On average, analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International declared that its board has initiated a share repurchase plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International's dividend payout ratio (DPR) is 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.