Czech National Bank Purchases 17,815 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Czech National Bank lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 6.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 289,931 shares of the company's stock after buying an additional 17,815 shares during the quarter. Czech National Bank's holdings in Mondelez International were worth $17,318,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Mizuho Securities USA LLC grew its stake in Mondelez International by 12,057.4% during the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company's stock valued at $926,327,000 after acquiring an additional 12,470,573 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Mondelez International by 40.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company's stock valued at $1,094,557,000 after purchasing an additional 4,794,746 shares during the period. Ilex Capital Partners UK LLP purchased a new position in shares of Mondelez International during the 3rd quarter valued at $219,045,000. FMR LLC increased its holdings in shares of Mondelez International by 14.2% in the third quarter. FMR LLC now owns 18,255,657 shares of the company's stock worth $1,344,894,000 after purchasing an additional 2,268,639 shares during the period. Finally, Holocene Advisors LP purchased a new stake in shares of Mondelez International in the third quarter worth $159,823,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ traded up $0.93 during midday trading on Tuesday, hitting $57.10. 10,311,624 shares of the company's stock traded hands, compared to its average volume of 10,156,806. The firm has a fifty day moving average of $62.11 and a 200 day moving average of $67.44. Mondelez International, Inc. has a 1 year low of $55.97 and a 1 year 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 has a market capitalization of $76.35 billion, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 2.80 and a beta of 0.54.

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

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

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be given a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.29%. Mondelez International's payout ratio is currently 66.67%.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several research reports. Bank of America raised their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the company a "buy" rating in a research report on Tuesday, October 15th. Stifel Nicolaus lifted their price target on Mondelez International from $75.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Evercore ISI increased their price objective on Mondelez International from $79.00 to $85.00 and gave the company an "outperform" rating in a research report on Thursday, September 26th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $61.00 target price (down previously from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. Finally, Piper Sandler increased their price target on shares of Mondelez International from $74.00 to $84.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Mondelez International has a consensus rating of "Moderate Buy" and an average target price of $76.79.

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.