Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Saybrook Capital NC

Saybrook Capital NC increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 30.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 177,638 shares of the company's stock after buying an additional 41,915 shares during the period. Mondelez International comprises 2.8% of Saybrook Capital NC's investment portfolio, making the stock its 11th largest holding. Saybrook Capital NC's holdings in Mondelez International were worth $10,610,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MDLZ. Truvestments Capital LLC acquired a new position in Mondelez International during the 3rd quarter worth approximately $25,000. Marshall Investment Management LLC acquired a new position in Mondelez International during the 4th quarter worth approximately $26,000. Prospera Private Wealth LLC acquired a new position in Mondelez International during the 3rd quarter worth approximately $27,000. Hager Investment Management Services LLC acquired a new position in Mondelez International during the 4th quarter worth approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Mondelez International during the 4th quarter worth approximately $31,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

Mondelez International stock traded up $0.41 during trading hours on Monday, reaching $68.15. 14,062,837 shares of the stock were exchanged, compared to its average volume of 7,465,667. The stock has a market cap of $88.15 billion, a P/E ratio of 19.93, a P/E/G ratio of 4.34 and a beta of 0.50. 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, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The firm's 50 day moving average is $60.23 and its 200 day moving average is $65.50.

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Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (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%. Analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued 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 dividend yield of 2.76%. Mondelez International's dividend payout ratio is presently 54.97%.

Mondelez International declared that its Board of Directors has initiated a share buyback plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MDLZ shares. Argus cut shares of Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Jefferies Financial Group cut shares of Mondelez International from a "buy" rating to a "hold" rating and lowered their target price for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. UBS Group lowered their target price on shares of Mondelez International from $76.00 to $63.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Barclays lowered 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. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Mondelez International presently has an average rating of "Moderate Buy" and a consensus price target of $69.74.

Mondelez International 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.