Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by HB Wealth Management LLC

HB Wealth Management LLC grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 9.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 80,808 shares of the company's stock after purchasing an additional 7,087 shares during the quarter. HB Wealth Management LLC's holdings in Mondelez International were worth $4,827,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Mizuho Securities USA LLC boosted its stake in Mondelez International by 12,057.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company's stock worth $926,327,000 after purchasing an additional 12,470,573 shares during the period. Ilex Capital Partners UK LLP purchased a new position in shares of Mondelez International during the third quarter worth about $219,045,000. FMR LLC increased its position in 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 during the period. Holocene Advisors LP acquired a new stake in Mondelez International during the 3rd quarter worth approximately $159,823,000. Finally, National Bank of Canada FI grew its stake in shares of Mondelez International by 173.7% in the 3rd quarter. National Bank of Canada FI now owns 3,049,440 shares of the company's stock valued at $224,652,000 after purchasing an additional 1,935,356 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Trading Down 0.2 %

Mondelez International stock traded down $0.14 during trading on Friday, reaching $57.86. The company had a trading volume of 12,663,200 shares, compared to its average volume of 8,683,674. Mondelez International, Inc. has a 12-month low of $55.97 and a 12-month high of $77.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The stock's 50 day moving average price is $61.59 and its two-hundred day moving average price is $67.25. The firm has a market capitalization of $77.37 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 2.99 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.14. The company had revenue of $9.20 billion during the quarter, compared to analysts' expectations of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business's quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.82 EPS. As a group, equities analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International announced that its board has initiated a stock 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 usually a sign that the company's leadership believes its shares are undervalued.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.25%. Mondelez International's dividend payout ratio (DPR) is 66.67%.

Wall Street Analyst Weigh In

Several brokerages recently 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 stock from $78.00 to $67.00 in a report on Thursday, December 12th. UBS Group lowered their target price on shares of Mondelez International from $76.00 to $63.00 and set a "neutral" rating on the stock in a report on Thursday. Piper Sandler reduced their price objective on shares of Mondelez International from $84.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday. Bank of America boosted their target price on Mondelez International from $80.00 to $84.00 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. Finally, Redburn Atlantic initiated coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a "buy" rating and a $82.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $74.93.

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.