8,010 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Bought by Bryce Point Capital LLC

Bryce Point Capital LLC bought a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,010 shares of the company's stock, valued at approximately $478,000.

A number of other institutional investors have also bought and sold shares of MDLZ. Massachusetts Financial Services Co. MA grew its stake in shares of Mondelez International by 1.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 17,423,363 shares of the company's stock valued at $1,040,697,000 after buying an additional 208,181 shares during the period. Meeder Advisory Services Inc. lifted its holdings in Mondelez International by 1.2% during the 4th quarter. Meeder Advisory Services Inc. now owns 29,969 shares of the company's stock worth $1,790,000 after buying an additional 355 shares in the last quarter. Headlands Technologies LLC purchased a new position in Mondelez International in the fourth quarter valued at $4,109,000. Boston Family Office LLC increased its stake in shares of Mondelez International by 4.8% during the fourth quarter. Boston Family Office LLC now owns 30,386 shares of the company's stock worth $1,815,000 after buying an additional 1,396 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Mondelez International by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock valued at $1,721,954,000 after purchasing an additional 708,523 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Mondelez International Stock Down 1.5 %

Shares of Mondelez International stock traded down $0.96 during trading hours on Thursday, hitting $65.23. 3,456,636 shares of the company's stock traded hands, compared to its average volume of 8,023,958. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a market cap of $84.37 billion, a PE ratio of 19.01, a PEG ratio of 4.34 and a beta of 0.47. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock has a 50 day simple moving average of $63.99 and a 200-day simple moving average of $64.28.

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

Mondelez International announced that its board has authorized a stock repurchase program on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 10.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.88%. Mondelez International's dividend payout ratio (DPR) is 54.97%.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of several recent analyst reports. Stifel Nicolaus decreased their target price on Mondelez International from $82.00 to $70.00 and set a "buy" rating for the company in a research note on Friday, January 24th. Piper Sandler raised their target price on shares of Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research note on Wednesday. UBS Group dropped their price objective on Mondelez International from $76.00 to $63.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Royal Bank of Canada decreased their target price 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. Finally, Barclays dropped their price target on Mondelez International from $69.00 to $63.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $70.45.

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.