Geode Capital Management LLC Grows Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Geode Capital Management LLC lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,913,478 shares of the company's stock after purchasing an additional 708,523 shares during the quarter. Geode Capital Management LLC owned about 2.16% of Mondelez International worth $1,721,954,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MDLZ. Vanguard Group Inc. increased its stake in Mondelez International by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock worth $7,910,477,000 after acquiring an additional 931,776 shares during the last quarter. State Street Corp increased its position in Mondelez International by 3.2% in the third quarter. State Street Corp now owns 60,151,987 shares of the company's stock worth $4,459,239,000 after purchasing an additional 1,851,247 shares during the last quarter. Norges Bank purchased a new stake in Mondelez International during the fourth quarter valued at $1,118,755,000. Bank of New York Mellon Corp raised its stake in Mondelez International by 3.3% during the fourth quarter. Bank of New York Mellon Corp now owns 10,354,236 shares of the company's stock valued at $618,458,000 after purchasing an additional 326,177 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in Mondelez International by 13.5% during the fourth quarter. Franklin Resources Inc. now owns 8,806,832 shares of the company's stock valued at $526,032,000 after purchasing an additional 1,049,498 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Down 2.3 %

NASDAQ MDLZ traded down $1.59 on Friday, reaching $66.31. 13,786,976 shares of the stock traded hands, compared to its average volume of 7,973,730. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a market cap of $85.77 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 4.34 and a beta of 0.47. The company has a fifty day moving average price of $63.25 and a 200-day moving average price of $64.54. 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 released its quarterly earnings data 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 net margin of 12.68% and a return on equity of 16.75%. As a group, research analysts forecast that Mondelez International, Inc. will post 2.9 EPS 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 paid a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.84%. Mondelez International's dividend payout ratio is presently 54.97%.

Mondelez International declared that its Board of Directors has approved a share repurchase program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a research report on Wednesday. UBS Group lowered their price objective on Mondelez International from $76.00 to $63.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Stifel Nicolaus dropped their target price on Mondelez International from $82.00 to $70.00 and set a "buy" rating for the company in a report on Friday, January 24th. Piper Sandler increased their price target on Mondelez International from $56.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, March 27th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Mondelez International currently has an average rating of "Moderate Buy" and an average price target of $70.20.

About Mondelez International

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.