Vanguard Group Inc. Boosts Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Vanguard Group Inc. boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 132,437,250 shares of the company's stock after purchasing an additional 931,776 shares during the period. Vanguard Group Inc. owned approximately 9.90% of Mondelez International worth $7,910,477,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MDLZ. Truvestments Capital LLC bought a new position in Mondelez International during the 3rd quarter valued at $25,000. Marshall Investment Management LLC acquired a new position in Mondelez International in the fourth quarter worth approximately $26,000. Hager Investment Management Services LLC purchased a new stake in Mondelez International during the fourth quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Mondelez International in the 4th quarter worth about $31,000. Finally, McClarren Financial Advisors Inc. purchased a new stake in shares of Mondelez International during the fourth quarter worth $32,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group downgraded Mondelez International from a "buy" rating to a "hold" rating and lowered their price target for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. Mizuho upped their price target on Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, February 14th. Barclays cut their target price on shares of Mondelez International from $69.00 to $63.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Royal Bank of Canada lowered their target price on Mondelez International from $75.00 to $69.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. Finally, Piper Sandler increased their price objective on Mondelez International from $56.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $69.50.

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Mondelez International Stock Performance

NASDAQ MDLZ traded up $0.47 during trading hours on Thursday, hitting $66.80. 3,300,859 shares of the company's stock traded hands, compared to its average volume of 7,484,252. 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 business's fifty day moving average price is $61.87 and its two-hundred day moving average price is $64.92. The firm has a market capitalization of $86.41 billion, a P/E ratio of 19.53, a P/E/G ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06.

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

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

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Monday, March 31st. Mondelez International's payout ratio is presently 54.97%.

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.