denkapparat Operations GmbH acquired a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,732 shares of the company's stock, valued at approximately $342,000.
Other institutional investors have also made changes to their positions in the company. Truvestments Capital LLC bought a new stake in shares of Mondelez International during the 3rd quarter worth $25,000. Marshall Investment Management LLC bought a new position in Mondelez International in the 4th quarter worth approximately $26,000. Hager Investment Management Services LLC acquired a new position in shares of Mondelez International during the fourth quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Mondelez International in the fourth quarter worth $31,000. Finally, McClarren Financial Advisors Inc. bought a new position in Mondelez International during the fourth quarter worth $32,000. 78.32% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
MDLZ has been the topic of a number of recent research reports. Dbs Bank downgraded Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. DZ Bank lowered shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price target on the stock. in a report on Friday, February 7th. The Goldman Sachs Group reduced their price objective on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Citigroup cut their price target on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Finally, 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 note 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 stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $69.50.
Get Our Latest Stock Analysis on MDLZ
Mondelez International Trading Down 0.1 %
Shares of NASDAQ MDLZ traded down $0.08 during mid-day trading on Tuesday, hitting $67.77. The company's stock had a trading volume of 2,388,638 shares, compared to its average volume of 7,921,426. 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 stock has a market cap of $87.66 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The company's fifty day simple moving average is $62.45 and its 200-day simple moving average is $64.70. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last released 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%. On average, sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.
Mondelez International Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.77%. Mondelez International's payout ratio is currently 54.97%.
Mondelez International announced that its board has authorized a stock buyback program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.
Mondelez International Company Profile
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Free Report)
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.
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