Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 13.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,806,832 shares of the company's stock after purchasing an additional 1,049,498 shares during the period. Franklin Resources Inc. owned approximately 0.66% of Mondelez International worth $526,032,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Continuum Advisory LLC lifted its stake in Mondelez International by 7.4% during the 3rd quarter. Continuum Advisory LLC now owns 2,542 shares of the company's stock worth $187,000 after acquiring an additional 175 shares in the last quarter. First Horizon Advisors Inc. increased its stake in Mondelez International by 1.8% during the fourth quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company's stock worth $627,000 after purchasing an additional 181 shares during the period. Traphagen Investment Advisors LLC lifted its position in shares of Mondelez International by 0.8% during the fourth quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company's stock worth $1,411,000 after purchasing an additional 187 shares in the last quarter. Core Alternative Capital boosted its stake in shares of Mondelez International by 1.7% in the fourth quarter. Core Alternative Capital now owns 11,448 shares of the company's stock valued at $684,000 after purchasing an additional 187 shares during the period. Finally, Waldron Private Wealth LLC boosted its stake in shares of Mondelez International by 1.0% in the fourth quarter. Waldron Private Wealth LLC now owns 19,496 shares of the company's stock valued at $1,164,000 after purchasing an additional 191 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

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Mondelez International Stock Performance

NASDAQ MDLZ traded down $1.59 during trading hours on Friday, hitting $66.31. The company had a trading volume of 13,786,976 shares, compared to its average volume of 7,973,730. The business has a 50 day moving average of $63.25 and a 200-day moving average of $64.54. The company has a market cap of $85.77 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. 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 (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%. As a group, equities research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

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

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a $0.47 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.84%. Mondelez International's payout ratio is 54.97%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MDLZ. Argus lowered shares of Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Piper Sandler increased their price objective on Mondelez International from $56.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday, March 27th. Morgan Stanley started coverage on Mondelez International in a report on Monday, March 24th. They issued an "overweight" rating and a $69.00 target price for the company. Stifel Nicolaus cut their price target on Mondelez International from $82.00 to $70.00 and set a "buy" rating on the stock in a report on Friday, January 24th. Finally, Wells Fargo & Company lifted their price objective on Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $70.20.

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.