Vinva Investment Management Ltd Has $3.99 Million Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Vinva Investment Management Ltd boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 7.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 66,957 shares of the company's stock after acquiring an additional 4,766 shares during the period. Vinva Investment Management Ltd's holdings in Mondelez International were worth $3,988,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in Mondelez International during the 4th quarter worth $256,832,000. Van ECK Associates Corp increased its holdings in shares of Mondelez International by 2,560.0% in the fourth quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company's stock worth $203,749,000 after acquiring an additional 3,282,937 shares in the last quarter. Ilex Capital Partners UK LLP acquired a new stake in shares of Mondelez International during the third quarter worth about $219,045,000. FMR LLC lifted its holdings in shares of Mondelez International by 14.2% during the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company's stock valued at $1,344,894,000 after purchasing an additional 2,268,639 shares in the last quarter. Finally, Holocene Advisors LP acquired a new position in shares of Mondelez International in the 3rd quarter valued at approximately $159,823,000. Institutional investors own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

MDLZ has been the topic of several research reports. Jefferies Financial Group cut shares of Mondelez International from a "buy" rating to a "hold" rating and cut their price objective for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. Barclays reduced their price objective on Mondelez International from $69.00 to $63.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Piper Sandler downgraded Mondelez International from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $70.00 to $63.00 in a report on Friday, January 31st. Wells Fargo & Company cut their target price on Mondelez International from $61.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating on the stock in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $69.70.

Remove Ads

Mondelez International Stock Performance

Shares of MDLZ traded up $0.44 during trading hours on Monday, hitting $64.95. The company had a trading volume of 7,514,172 shares, compared to its average volume of 7,508,736. The business has a fifty day moving average of $61.35 and a 200-day moving average of $65.06. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a market cap of $84.01 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly 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%. Equities analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently declared 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 is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.89%. Mondelez International's dividend payout ratio (DPR) is presently 54.97%.

Mondelez International announced that its board has authorized a share buyback program on Wednesday, December 11th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board believes its shares are undervalued.

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.