14,900 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Bought by Board of the Pension Protection Fund

Board of the Pension Protection Fund acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 14,900 shares of the company's stock, valued at approximately $890,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new stake in shares of Mondelez International in the third quarter valued at approximately $25,000. Prospera Private Wealth LLC bought a new stake in Mondelez International during the 3rd quarter valued at $27,000. Richardson Financial Services Inc. lifted its holdings in shares of Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company's stock worth $28,000 after buying an additional 200 shares during the period. Highline Wealth Partners LLC bought a new position in shares of Mondelez International during the 3rd quarter worth $38,000. Finally, Hara Capital LLC purchased a new position in shares of Mondelez International during the third quarter valued at $45,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ traded down $0.46 during midday trading on Wednesday, reaching $56.64. 8,839,183 shares of the stock were exchanged, compared to its average volume of 10,010,664. Mondelez International, Inc. has a twelve month low of $55.97 and a twelve month high of $77.20. 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 50-day simple moving average of $62.11 and a two-hundred day simple moving average of $67.44. The firm has a market cap of $75.74 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 2.80 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company had revenue of $9.20 billion during the quarter, compared to analysts' expectations of $9.11 billion. During the same period in the prior year, the business posted $0.82 earnings per share. The firm's revenue for the quarter was up 1.9% on a year-over-year basis. As a group, analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Mondelez International declared that its board has authorized a share 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 reacquire up to 10.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International's dividend payout ratio is currently 66.67%.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of analyst reports. Bank of America raised their price target on shares of Mondelez International from $80.00 to $84.00 and gave the company a "buy" rating in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft downgraded Mondelez International from a "buy" rating to a "hold" rating and reduced their price target for the stock from $78.00 to $67.00 in a research report on Thursday, December 12th. Wells Fargo & Company reissued an "equal weight" rating and issued a $61.00 price objective (down previously from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. Stifel Nicolaus boosted their target price on Mondelez International from $75.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Finally, Piper Sandler increased their price target on Mondelez International from $74.00 to $84.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Mondelez International has a consensus rating of "Moderate Buy" and a consensus price target of $76.79.

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.