Headlands Technologies LLC Makes New Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

Headlands Technologies LLC purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 68,785 shares of the company's stock, valued at approximately $4,109,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Continuum Advisory LLC grew its holdings in Mondelez International by 7.4% during the 3rd quarter. Continuum Advisory LLC now owns 2,542 shares of the company's stock valued at $187,000 after buying an additional 175 shares in the last quarter. First Horizon Advisors Inc. grew 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 valued at $627,000 after acquiring an additional 181 shares in the last quarter. Traphagen Investment Advisors LLC increased its holdings in Mondelez International by 0.8% during the 4th quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company's stock worth $1,411,000 after acquiring an additional 187 shares during the period. Core Alternative Capital lifted its stake in Mondelez International by 1.7% in the 4th quarter. Core Alternative Capital now owns 11,448 shares of the company's stock worth $684,000 after purchasing an additional 187 shares in the last quarter. Finally, Waldron Private Wealth LLC boosted its holdings in Mondelez International by 1.0% in the 4th 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 institutional investors.

Remove Ads

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MDLZ. Piper Sandler upped their price target on shares of Mondelez International from $56.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, March 27th. Royal Bank of Canada cut their price objective on Mondelez International from $75.00 to $69.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. The Goldman Sachs Group lowered their target price on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Argus cut shares of Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Finally, UBS Group lowered their price objective on shares of Mondelez International from $76.00 to $63.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Mondelez International has an average rating of "Moderate Buy" and an average price target of $70.20.

Mondelez International Trading Down 2.3 %

Shares of NASDAQ MDLZ traded down $1.59 during mid-day trading on Friday, hitting $66.31. The stock 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 price of $63.25 and a two-hundred day moving average price of $64.54. 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. The firm has a market cap of $85.77 billion, a P/E ratio of 19.39, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS 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%. On average, equities analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

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 given a $0.47 dividend. 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 currently 54.97%.

Mondelez International announced that its board has authorized a stock repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

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.