StoneX Group Inc. Increases Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

StoneX Group Inc. raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 39.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,063 shares of the company's stock after purchasing an additional 11,326 shares during the quarter. StoneX Group Inc.'s holdings in Mondelez International were worth $2,410,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in Mondelez International in the 4th quarter worth approximately $1,118,755,000. Raymond James Financial Inc. bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $256,832,000. Van ECK Associates Corp lifted 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 buying an additional 3,282,937 shares in the last quarter. Ilex Capital Partners UK LLP bought a new position in shares of Mondelez International during the third quarter worth $219,045,000. Finally, National Bank of Canada FI grew its stake in Mondelez International by 173.7% during the third quarter. National Bank of Canada FI now owns 3,049,440 shares of the company's stock valued at $224,652,000 after acquiring an additional 1,935,356 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Trading Down 2.3 %

NASDAQ:MDLZ traded down $1.59 during mid-day 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 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, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The stock has a market capitalization of $85.77 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 4.34 and a beta of 0.47. The firm's 50 day moving average is $63.25 and its two-hundred day moving average is $64.54.

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Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.65 EPS 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%. On average, equities research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders 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 dividend on an annualized basis and a yield of 2.84%. Mondelez International's payout ratio is 54.97%.

Mondelez International announced that its Board of Directors has initiated a share buyback plan on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their price target 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. Royal Bank of Canada reduced their target price on Mondelez International from $75.00 to $69.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. Citigroup dropped 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. Mizuho lifted their price objective 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, Jefferies Financial Group downgraded Mondelez International from a "buy" rating to a "hold" rating and lowered their target price for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. 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 company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $70.20.

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.