Schroder Investment Management Group Purchases 16,830 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Schroder Investment Management Group grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 501,794 shares of the company's stock after buying an additional 16,830 shares during the period. Schroder Investment Management Group's holdings in Mondelez International were worth $29,651,000 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 the company. United Bank boosted its holdings in Mondelez International by 12.7% in the 3rd quarter. United Bank now owns 22,649 shares of the company's stock valued at $1,669,000 after purchasing an additional 2,549 shares during the period. Erste Asset Management GmbH bought a new stake in Mondelez International during the third quarter valued at $2,337,000. Kestra Investment Management LLC purchased a new position in Mondelez International during the third quarter worth about $225,000. Beacon Investment Advisory Services Inc. increased its stake in Mondelez International by 11.7% in the 3rd quarter. Beacon Investment Advisory Services Inc. now owns 5,718 shares of the company's stock worth $421,000 after acquiring an additional 600 shares during the last quarter. Finally, Cinctive Capital Management LP bought a new position in Mondelez International in the 3rd quarter worth about $1,219,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MDLZ has been the subject of a number of research analyst reports. DZ Bank downgraded Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price target for the company. in a research report on Friday, February 7th. Argus cut shares of Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Barclays lowered their price objective on shares of Mondelez International from $69.00 to $63.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. Citigroup cut their target price on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Finally, Dbs Bank downgraded Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Mondelez International has a consensus rating of "Moderate Buy" and a consensus price target of $70.20.

Remove Ads

Mondelez International Trading Down 2.3 %

MDLZ traded down $1.59 during trading on Friday, hitting $66.31. 13,786,976 shares of the stock traded hands, compared to its average volume of 7,973,730. The firm has a market capitalization of $85.77 billion, a P/E ratio of 19.39, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The firm has a 50-day moving average of $63.25 and a 200 day moving average of $64.47.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data 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%. Equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS 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 given a $0.47 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.84%. Mondelez International's dividend payout ratio is currently 54.97%.

Mondelez International announced that its Board of Directors has approved a share repurchase 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 usually a sign that the company's leadership believes its stock is undervalued.

Mondelez International Company 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.