UniSuper Management Pty Ltd grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 598,735 shares of the company's stock after acquiring an additional 22,296 shares during the period. UniSuper Management Pty Ltd's holdings in Mondelez International were worth $35,762,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of MDLZ. Truvestments Capital LLC purchased a new position in Mondelez International during the third quarter valued at approximately $25,000. Marshall Investment Management LLC bought a new stake in shares of Mondelez International during the 4th quarter valued at $26,000. Hager Investment Management Services LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Mondelez International in the 4th quarter worth $31,000. Finally, Sierra Ocean LLC purchased a new stake in Mondelez International in the 4th quarter worth $32,000. Hedge funds and other institutional investors own 78.32% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have recently commented on MDLZ shares. UBS Group lowered their price objective on Mondelez International from $76.00 to $63.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Jefferies Financial Group cut Mondelez International from a "buy" rating to a "hold" rating and lowered their price target for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. Citigroup cut their price objective on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada lowered their target price on shares of Mondelez International from $75.00 to $69.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. Finally, Piper Sandler upped their target price on shares of Mondelez International from $56.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $69.50.
Read Our Latest Research Report on Mondelez International
Mondelez International Trading Up 0.3 %
NASDAQ:MDLZ traded up $0.22 during midday trading on Friday, hitting $67.72. 11,564,303 shares of the company traded hands, compared to its average volume of 7,922,538. The firm has a market capitalization of $87.60 billion, a P/E ratio of 19.80, a P/E/G ratio of 4.34 and a beta of 0.50. The firm's fifty day moving average is $62.25 and its 200-day moving average is $64.81. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share 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, sell-side analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.
Mondelez International declared that its Board of Directors has initiated a stock buyback plan on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued.
Mondelez International Announces Dividend
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. This represents a $1.88 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Monday, March 31st. Mondelez International's dividend payout ratio (DPR) is 54.97%.
About Mondelez International
(
Free Report)
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.
See Also
Before you consider Mondelez International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mondelez International wasn't on the list.
While Mondelez International currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
