Partners in Financial Planning Purchases Shares of 3,835 Mondelez International, Inc. (NASDAQ:MDLZ)

Partners in Financial Planning bought a new position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 3,835 shares of the company's stock, valued at approximately $229,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. United Bank increased its stake in Mondelez International by 13.6% in the 4th quarter. United Bank now owns 25,728 shares of the company's stock valued at $1,537,000 after buying an additional 3,079 shares during the last quarter. RWA Wealth Partners LLC increased its position in shares of Mondelez International by 7.3% during the fourth quarter. RWA Wealth Partners LLC now owns 16,712 shares of the company's stock valued at $998,000 after acquiring an additional 1,131 shares during the last quarter. Schroder Investment Management Group lifted its holdings in Mondelez International by 3.5% during the fourth quarter. Schroder Investment Management Group now owns 501,794 shares of the company's stock worth $29,651,000 after acquiring an additional 16,830 shares during the period. Allianz SE bought a new position in Mondelez International in the 4th quarter valued at $6,889,000. Finally, Transamerica Financial Advisors Inc. increased its position in shares of Mondelez International by 28.8% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 18,092 shares of the company's stock valued at $1,081,000 after purchasing an additional 4,043 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Piper Sandler increased their price target on shares of Mondelez International from $56.00 to $59.00 and gave the company a "neutral" rating in a research report on Thursday, March 27th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research report on Wednesday, January 22nd. Royal Bank of Canada lowered their price target 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. Argus downgraded Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Finally, Barclays dropped their price target on Mondelez International from $69.00 to $63.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $70.20.

Mondelez International Price Performance

NASDAQ:MDLZ traded down $1.59 during trading hours on Friday, hitting $66.31. The stock had a trading volume of 13,786,976 shares, compared to its average volume of 7,982,833. The company has a 50 day simple moving average of $63.25 and a two-hundred day simple moving average of $64.61. The firm has a market capitalization of $85.77 billion, a price-to-earnings ratio of 19.39, a P/E/G ratio of 4.34 and a beta of 0.47. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share (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%. Research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International's dividend payout ratio (DPR) is 54.97%.

Mondelez International declared that its board has approved a share buyback program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors 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.