Mondelez International, Inc. (NASDAQ:MDLZ) Stock Holdings Boosted by Cincinnati Insurance Co.

Cincinnati Insurance Co. boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 33.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,159,500 shares of the company's stock after acquiring an additional 290,000 shares during the quarter. Cincinnati Insurance Co. owned about 0.09% of Mondelez International worth $69,257,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in MDLZ. ICICI Prudential Asset Management Co Ltd boosted its holdings in Mondelez International by 430.0% during the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company's stock worth $5,520,000 after buying an additional 74,975 shares in the last quarter. Czech National Bank lifted its position in shares of Mondelez International by 6.5% during the 4th quarter. Czech National Bank now owns 289,931 shares of the company's stock valued at $17,318,000 after acquiring an additional 17,815 shares during the period. Buckingham Capital Management Inc. grew its holdings in shares of Mondelez International by 25.5% in the 4th quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock worth $5,578,000 after acquiring an additional 18,961 shares during the period. Legacy Private Trust Co. raised its holdings in Mondelez International by 33.2% during the fourth quarter. Legacy Private Trust Co. now owns 3,841 shares of the company's stock worth $229,000 after purchasing an additional 957 shares during the last quarter. Finally, Kennedy Investment Group acquired a new stake in Mondelez International in the fourth quarter valued at $313,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of research reports. Citigroup cut their target price on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Dbs Bank lowered shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating on the stock in a research report on Wednesday, January 22nd. The Goldman Sachs Group cut their price target on Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Finally, Piper Sandler upped their target price on Mondelez International from $56.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.50.

Mondelez International Stock Down 0.1 %

Shares of MDLZ stock traded down $0.08 during trading hours on Tuesday, reaching $67.77. The company had a trading volume of 2,388,638 shares, compared to its average volume of 7,921,426. The company has a market capitalization of $87.66 billion, a P/E ratio of 19.80, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The stock's fifty day simple moving average is $62.45 and its 200 day simple moving average is $64.70.

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

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 given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Monday, March 31st. Mondelez International's payout ratio is 54.97%.

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

Mondelez International Company 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.