Orion Portfolio Solutions LLC grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 68.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 156,181 shares of the company's stock after acquiring an additional 63,399 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Mondelez International were worth $9,329,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of MDLZ. Norges Bank bought a new stake in shares of Mondelez International in the 4th quarter valued at approximately $1,118,755,000. Raymond James Financial Inc. bought a new stake in Mondelez International in the fourth quarter worth $256,832,000. Van ECK Associates Corp boosted its stake in Mondelez International by 2,560.0% during the fourth quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company's stock worth $203,749,000 after buying an additional 3,282,937 shares during the period. Ilex Capital Partners UK LLP bought a new position in Mondelez International during the third quarter valued at $219,045,000. Finally, Holocene Advisors LP purchased a new stake in shares of Mondelez International in the third quarter valued at $159,823,000. 78.32% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms recently commented on MDLZ. Citigroup dropped their price target on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Dbs Bank lowered Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. Jefferies Financial Group cut Mondelez International from a "buy" rating to a "hold" rating and cut their target price for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Mizuho raised their price target on Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, February 14th. Finally, Piper Sandler boosted their price objective on Mondelez International from $56.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Mondelez International presently has an average rating of "Moderate Buy" and an average price target of $70.20.
View Our Latest Stock Analysis on MDLZ
Mondelez International Stock Down 2.2 %
Shares of NASDAQ MDLZ traded down $1.46 during mid-day trading on Wednesday, reaching $66.19. 3,655,858 shares of the company were exchanged, compared to its average volume of 7,927,860. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The firm has a 50-day moving average of $62.65 and a 200 day moving average of $64.65. The stock has a market cap of $85.62 billion, a price-to-earnings ratio of 19.35, a P/E/G ratio of 4.34 and a beta of 0.50. 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 (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 EPS 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, research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.
Mondelez International announced that its board has authorized a share buyback program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.
Mondelez International Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.84%. The ex-dividend date is Monday, March 31st. Mondelez International's dividend payout ratio is currently 54.97%.
Mondelez International Company Profile
(
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.
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