Buckingham Capital Management Inc. Boosts Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Buckingham Capital Management Inc. boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 25.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 93,394 shares of the company's stock after purchasing an additional 18,961 shares during the period. Buckingham Capital Management Inc.'s holdings in Mondelez International were worth $5,578,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hazlett Burt & Watson Inc. boosted its holdings in shares of Mondelez International by 16.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company's stock valued at $78,000 after acquiring an additional 150 shares in the last quarter. Canopy Partners LLC boosted its holdings in shares of Mondelez International by 1.2% in the third quarter. Canopy Partners LLC now owns 13,335 shares of the company's stock valued at $982,000 after acquiring an additional 161 shares in the last quarter. Hardy Reed LLC boosted its holdings in shares of Mondelez International by 1.4% in the third quarter. Hardy Reed LLC now owns 11,511 shares of the company's stock valued at $848,000 after acquiring an additional 161 shares in the last quarter. Interchange Capital Partners LLC boosted its holdings in shares of Mondelez International by 4.9% in the third quarter. Interchange Capital Partners LLC now owns 3,490 shares of the company's stock valued at $257,000 after acquiring an additional 163 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC boosted its holdings in shares of Mondelez International by 2.2% in the third quarter. Avidian Wealth Enterprises LLC now owns 7,641 shares of the company's stock valued at $563,000 after acquiring an additional 163 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Mizuho lifted their target price on shares of Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a report on Friday, February 14th. Dbs Bank downgraded shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. Barclays decreased their price objective on shares of Mondelez International from $69.00 to $63.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Piper Sandler downgraded shares of Mondelez International from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $70.00 to $63.00 in a report on Friday, January 31st. Finally, Wells Fargo & Company decreased their price objective on shares of Mondelez International from $61.00 to $54.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $69.74.

Mondelez International Price Performance

Mondelez International stock traded up $2.53 during mid-day trading on Friday, hitting $64.70. 16,289,816 shares of the company were exchanged, compared to its average volume of 11,136,414. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The business's 50 day simple moving average is $58.98 and its two-hundred day simple moving average is $65.91. The company has a market capitalization of $83.69 billion, a P/E ratio of 18.92, a PEG ratio of 4.32 and a beta of 0.54. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share 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%. Analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Monday, March 31st. Mondelez International's dividend payout ratio is currently 54.97%.

Mondelez International announced that its Board of Directors has approved a share buyback plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

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.