Tradewinds LLC. Buys Shares of 4,307 Mondelez International, Inc. (NASDAQ:MDLZ)

Tradewinds LLC. acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,307 shares of the company's stock, valued at approximately $258,000.

A number of other hedge funds have also modified their holdings of MDLZ. United Bank boosted its holdings in shares of Mondelez International by 12.7% in the 3rd quarter. United Bank now owns 22,649 shares of the company's stock worth $1,669,000 after acquiring an additional 2,549 shares in the last quarter. Erste Asset Management GmbH acquired a new position in Mondelez International in the third quarter worth $2,337,000. Kestra Investment Management LLC bought a new stake in shares of Mondelez International during the third quarter worth $225,000. Beacon Investment Advisory Services Inc. grew its holdings in shares of Mondelez International by 11.7% during the third quarter. Beacon Investment Advisory Services Inc. now owns 5,718 shares of the company's stock worth $421,000 after purchasing an additional 600 shares during the last quarter. Finally, Cinctive Capital Management LP acquired a new stake in shares of Mondelez International in the third quarter valued at $1,219,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Performance

Shares of MDLZ stock traded down $1.59 during trading on Friday, reaching $66.31. 13,786,976 shares of the company's stock were exchanged, compared to its average volume of 7,973,730. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The stock has a market capitalization of $85.77 billion, a PE ratio of 19.39, a PEG ratio of 4.34 and a beta of 0.47. The firm's fifty day moving average price is $63.25 and its 200-day moving average price is $64.54. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

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Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results 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%. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International declared that its Board of Directors has approved a stock repurchase plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

Mondelez International Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Citigroup dropped 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 note on Wednesday, January 8th. The Goldman Sachs Group dropped their price objective on Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft cut their target price 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. Morgan Stanley assumed coverage on Mondelez International in a report on Monday, March 24th. They set an "overweight" rating and a $69.00 price objective on the stock. Finally, Jefferies Financial Group lowered shares of Mondelez International from a "buy" rating to a "hold" rating and reduced their target price for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Mondelez International currently has an average rating of "Moderate Buy" and a consensus price target of $70.20.

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.