Teacher Retirement System of Texas increased its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 129.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 358,686 shares of the company's stock after purchasing an additional 202,443 shares during the quarter. Teacher Retirement System of Texas' holdings in Mondelez International were worth $21,424,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in MDLZ. Truvestments Capital LLC bought a new position in shares of Mondelez International during the 3rd quarter valued at $25,000. Marshall Investment Management LLC bought a new position in Mondelez International in the fourth quarter valued at about $26,000. Prospera Private Wealth LLC purchased a new position in Mondelez International in the third quarter worth about $27,000. Hager Investment Management Services LLC bought a new stake in shares of Mondelez International during the 4th quarter valued at about $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Mondelez International during the 4th quarter valued at about $31,000. Institutional investors own 78.32% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently issued reports on MDLZ shares. Mizuho raised their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a report on Friday, February 14th. Barclays dropped their price target on shares of Mondelez International from $69.00 to $63.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. Citigroup reduced their price objective 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 downgraded Mondelez International from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $70.00 to $63.00 in a research report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a report on Wednesday, January 22nd. 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 stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.70.
Check Out Our Latest Stock Report on Mondelez International
Mondelez International Price Performance
MDLZ traded down $0.63 during trading on Tuesday, hitting $64.33. 1,376,387 shares of the company traded hands, compared to its average volume of 7,507,820. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The company has a market cap of $83.21 billion, a PE ratio of 18.83, a P/E/G ratio of 4.34 and a beta of 0.50. The stock's 50-day simple moving average is $61.52 and its two-hundred day simple moving average is $64.99. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued 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 anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.
Mondelez International Dividend Announcement
The company 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 dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.92%. Mondelez International's dividend payout ratio (DPR) is 54.97%.
Mondelez International announced that its Board of Directors has authorized a stock repurchase program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire 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.
About Mondelez International
(
Free Report)
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.
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