NEOS Investment Management LLC Boosts Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

NEOS Investment Management LLC boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 24.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 176,738 shares of the company's stock after buying an additional 35,254 shares during the period. NEOS Investment Management LLC's holdings in Mondelez International were worth $10,557,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. UniSuper Management Pty Ltd lifted its holdings in shares of Mondelez International by 3.9% in the 4th quarter. UniSuper Management Pty Ltd now owns 598,735 shares of the company's stock worth $35,762,000 after acquiring an additional 22,296 shares during the last quarter. Sava Infond d.o.o. bought a new stake in Mondelez International in the fourth quarter worth about $2,300,000. WINTON GROUP Ltd boosted its position in shares of Mondelez International by 3,241.5% during the fourth quarter. WINTON GROUP Ltd now owns 98,239 shares of the company's stock valued at $5,868,000 after buying an additional 95,299 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Mondelez International by 7.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,378,557 shares of the company's stock valued at $142,380,000 after buying an additional 165,176 shares during the period. Finally, Korea Investment CORP grew its stake in shares of Mondelez International by 2.6% during the fourth quarter. Korea Investment CORP now owns 991,697 shares of the company's stock valued at $59,234,000 after buying an additional 25,131 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Citigroup decreased their price target on Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Piper Sandler boosted their target price on shares of Mondelez International from $56.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday. Stifel Nicolaus cut their price target on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating on the stock in a report on Friday, January 24th. Dbs Bank lowered shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. Finally, Wells Fargo & Company lowered their price objective on shares of Mondelez International from $61.00 to $54.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $69.50.

Mondelez International Stock Performance

MDLZ stock traded up $0.22 during trading on Friday, reaching $67.72. The company had a trading volume of 11,564,303 shares, compared to its average volume of 7,922,538. The company has a market cap of $87.60 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The firm has a 50-day simple moving average of $62.25 and a 200-day simple moving average of $64.81.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share 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%. As a group, sell-side analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently disclosed 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. This represents a $1.88 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International's dividend payout ratio (DPR) is currently 54.97%.

Mondelez International announced that its board has approved a stock repurchase plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

About Mondelez International

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.