Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,423,363 shares of the company's stock after purchasing an additional 208,181 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.30% of Mondelez International worth $1,040,697,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. United Bank increased its position in shares of Mondelez International by 12.7% in the third quarter. United Bank now owns 22,649 shares of the company's stock valued at $1,669,000 after buying an additional 2,549 shares in the last quarter. Erste Asset Management GmbH purchased a new stake in Mondelez International in the 3rd quarter worth $2,337,000. Kestra Investment Management LLC purchased a new stake in Mondelez International in the 3rd quarter worth $225,000. Beacon Investment Advisory Services Inc. raised its position in Mondelez International by 11.7% during the third quarter. Beacon Investment Advisory Services Inc. now owns 5,718 shares of the company's stock worth $421,000 after acquiring an additional 600 shares during the period. Finally, Cinctive Capital Management LP purchased a new position in Mondelez International during the third quarter valued at $1,219,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Trading Down 2.3 %

NASDAQ:MDLZ traded down $1.59 on Friday, reaching $66.31. The company's stock had a trading volume of 13,786,976 shares, compared to its average volume of 7,973,730. The firm has a market cap of $85.77 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The stock has a 50 day moving average price of $63.25 and a 200 day moving average price of $64.54.

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

Mondelez International declared that its board has approved a stock repurchase program on Wednesday, December 11th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Mondelez International Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Stifel Nicolaus reduced their price target on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating for the company in a research report on Friday, January 24th. DZ Bank cut Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 target price for the company. in a report on Friday, February 7th. Argus cut Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Citigroup lowered their target price on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Finally, Barclays dropped their target price on shares of Mondelez International from $69.00 to $63.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Mondelez International currently has a consensus 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.