Jones Financial Companies Lllp Acquires 73,718 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Jones Financial Companies Lllp boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 22.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 404,527 shares of the company's stock after purchasing an additional 73,718 shares during the period. Jones Financial Companies Lllp's holdings in Mondelez International were worth $24,162,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hazlett Burt & Watson Inc. lifted its holdings in Mondelez International by 16.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company's stock valued at $78,000 after buying an additional 150 shares during the period. Canopy Partners LLC lifted its stake in shares of Mondelez International by 1.2% in the 3rd quarter. Canopy Partners LLC now owns 13,335 shares of the company's stock valued at $982,000 after purchasing an additional 161 shares during the period. Hardy Reed LLC boosted its position in shares of Mondelez International by 1.4% during the 3rd quarter. Hardy Reed LLC now owns 11,511 shares of the company's stock valued at $848,000 after purchasing an additional 161 shares in the last quarter. Avidian Wealth Enterprises LLC grew its stake in Mondelez International by 2.2% during the third quarter. Avidian Wealth Enterprises LLC now owns 7,641 shares of the company's stock worth $563,000 after purchasing an additional 163 shares during the period. Finally, Citizens National Bank Trust Department lifted its stake in Mondelez International by 0.5% in the third quarter. Citizens National Bank Trust Department now owns 33,415 shares of the company's stock valued at $2,462,000 after buying an additional 165 shares during the period. Institutional investors and hedge funds own 78.32% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Jefferies Financial Group lowered shares of Mondelez International from a "buy" rating to a "hold" rating and cut their target price for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. Piper Sandler lowered Mondelez International from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $70.00 to $63.00 in a research report on Friday, January 31st. Dbs Bank lowered Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. Royal Bank of Canada reduced their price target on shares of Mondelez International from $75.00 to $69.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group lowered their price objective on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Mondelez International currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.74.

Mondelez International Stock Performance

Shares of MDLZ traded up $1.01 during mid-day trading on Wednesday, hitting $66.30. The stock had a trading volume of 9,321,280 shares, compared to its average volume of 7,401,826. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The business has a fifty day moving average price of $59.64 and a 200-day moving average price of $65.61. The firm has a market cap of $85.76 billion, a P/E ratio of 19.39, a PEG ratio of 4.34 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released 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 research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid 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 yield of 2.84%. Mondelez International's dividend payout ratio is 54.97%.

Mondelez International declared that its board has approved a share buyback program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

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.