Empirical Asset Management LLC Buys 30,410 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Empirical Asset Management LLC boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 130.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,742 shares of the company's stock after acquiring an additional 30,410 shares during the quarter. Empirical Asset Management LLC's holdings in Mondelez International were worth $3,210,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MDLZ. Mizuho Securities USA LLC grew its position in Mondelez International by 12,057.4% in the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company's stock valued at $926,327,000 after purchasing an additional 12,470,573 shares in the last quarter. Ilex Capital Partners UK LLP acquired a new position in shares of Mondelez International during the 3rd quarter worth about $219,045,000. FMR LLC grew its holdings in shares of Mondelez International by 14.2% in the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company's stock valued at $1,344,894,000 after acquiring an additional 2,268,639 shares in the last quarter. Holocene Advisors LP acquired a new stake in shares of Mondelez International in the third quarter valued at about $159,823,000. Finally, National Bank of Canada FI raised its holdings in Mondelez International by 173.7% during the third quarter. National Bank of Canada FI now owns 3,049,440 shares of the company's stock worth $224,652,000 after acquiring an additional 1,935,356 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MDLZ. Deutsche Bank Aktiengesellschaft downgraded Mondelez International from a "buy" rating to a "hold" rating and decreased their price target for the company from $78.00 to $67.00 in a research note on Thursday, December 12th. Piper Sandler decreased their target price on shares of Mondelez International from $84.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday. Redburn Atlantic initiated coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a "buy" rating and a $82.00 price target on the stock. Wells Fargo & Company reiterated an "equal weight" rating and issued a $61.00 price target (down previously from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. Finally, Bank of America boosted their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $74.93.

Mondelez International Stock Performance

Shares of Mondelez International stock traded down $0.14 on Friday, hitting $57.86. The stock had a trading volume of 12,663,200 shares, compared to its average volume of 8,683,674. The stock has a market cap of $77.37 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 2.99 and a beta of 0.54. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a twelve month low of $55.97 and a twelve month high of $77.20. The business's 50 day moving average is $61.76 and its two-hundred day moving average is $67.30.

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

Mondelez International declared that its Board of Directors has initiated a share buyback 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 often an indication that the company's leadership believes its stock is undervalued.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International's dividend payout ratio is 66.67%.

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.