Strategic Financial Concepts LLC Takes $1.68 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Strategic Financial Concepts LLC acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 28,167 shares of the company's stock, valued at approximately $1,682,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. State Street Corp lifted its stake in Mondelez International by 3.2% during the third quarter. State Street Corp now owns 60,151,987 shares of the company's stock worth $4,459,239,000 after purchasing an additional 1,851,247 shares during the last quarter. Geode Capital Management LLC lifted its stake in Mondelez International by 1.2% during the third quarter. Geode Capital Management LLC now owns 28,204,955 shares of the company's stock worth $2,069,906,000 after purchasing an additional 341,203 shares during the last quarter. FMR LLC lifted its stake in Mondelez International by 14.2% during the third quarter. FMR LLC now owns 18,255,657 shares of the company's stock worth $1,344,894,000 after purchasing an additional 2,268,639 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Mondelez International by 2.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company's stock worth $1,268,242,000 after purchasing an additional 489,068 shares during the last quarter. Finally, Mizuho Securities USA LLC lifted its stake in Mondelez International by 12,057.4% during the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company's stock worth $926,327,000 after purchasing an additional 12,470,573 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MDLZ shares. Jefferies Financial Group cut Mondelez International from a "buy" rating to a "hold" rating and decreased their target price for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. Argus cut Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday. Deutsche Bank Aktiengesellschaft reduced their price objective on Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research note on Wednesday, January 22nd. Piper Sandler cut Mondelez International from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $70.00 to $63.00 in a research note on Friday, January 31st. Finally, The Goldman Sachs Group reduced their price objective on Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $69.74.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ traded up $2.53 during trading on Friday, reaching $64.70. The company had a trading volume of 16,289,816 shares, compared to its average volume of 11,136,414. The firm has a market capitalization of $83.69 billion, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 4.32 and a beta of 0.54. 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 stock's fifty day moving average price is $58.98 and its 200 day moving average price is $65.91. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released 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 return on equity of 16.75% and a net margin of 12.68%. As a group, equities research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International's payout ratio is 54.97%.

Mondelez International declared that its board has initiated a stock 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 stock through open market purchases. Stock repurchase programs are usually a sign that the company's board 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.