WINTON GROUP Ltd Boosts Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

WINTON GROUP Ltd increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 3,241.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 98,239 shares of the company's stock after purchasing an additional 95,299 shares during the period. WINTON GROUP Ltd's holdings in Mondelez International were worth $5,868,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Hardy Reed LLC lifted its holdings in Mondelez International by 1.4% in the third quarter. Hardy Reed LLC now owns 11,511 shares of the company's stock valued at $848,000 after acquiring an additional 161 shares during the last quarter. Continuum Advisory LLC lifted its stake in shares of Mondelez International by 7.4% in the 3rd quarter. Continuum Advisory LLC now owns 2,542 shares of the company's stock valued at $187,000 after purchasing an additional 175 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Mondelez International by 1.8% during the 4th quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company's stock worth $627,000 after purchasing an additional 181 shares during the period. Traphagen Investment Advisors LLC increased its position in shares of Mondelez International by 0.8% during the 4th quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company's stock worth $1,411,000 after purchasing an additional 187 shares during the last quarter. Finally, Core Alternative Capital raised its holdings in Mondelez International by 1.7% in the 4th quarter. Core Alternative Capital now owns 11,448 shares of the company's stock valued at $684,000 after buying an additional 187 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

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Mondelez International Stock Performance

NASDAQ:MDLZ traded up $0.22 during mid-day trading on Friday, reaching $67.72. 11,564,303 shares of the stock were exchanged, compared to its average volume of 7,922,538. The stock has a market capitalization of $87.60 billion, a P/E ratio of 19.80, a P/E/G ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a 50 day simple moving average of $62.25 and a 200-day simple moving average of $64.81. 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 (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International declared that its Board of Directors has initiated a share repurchase program on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to repurchase up to 10.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its stock is undervalued.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International's dividend payout ratio (DPR) is presently 54.97%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. DZ Bank downgraded shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price target on the stock. in a research note on Friday, February 7th. The Goldman Sachs Group dropped their target price on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Piper Sandler upped their price target on Mondelez International from $56.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday. UBS Group dropped their price objective on Mondelez International from $76.00 to $63.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Finally, Mizuho boosted their price objective on Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a report on Friday, February 14th. One research 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 currently has an average rating of "Moderate Buy" and an average target price of $69.50.

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.