Board of the Pension Protection Fund Purchases Shares of 14,900 Mondelez International, Inc. (NASDAQ:MDLZ)

Board of the Pension Protection Fund acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,900 shares of the company’s stock, valued at approximately $890,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Truvestments Capital LLC acquired a new stake in Mondelez International during the 3rd quarter valued at approximately $25,000. Prospera Private Wealth LLC bought a new stake in shares of Mondelez International in the 3rd quarter valued at $27,000. Richardson Financial Services Inc. raised its stake in Mondelez International by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares during the last quarter. Highline Wealth Partners LLC bought a new position in Mondelez International during the third quarter worth $38,000. Finally, Hara Capital LLC acquired a new position in Mondelez International in the third quarter valued at $45,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MDLZ has been the subject of a number of recent analyst reports. Bank of America lifted their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Piper Sandler lifted their target price on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Evercore ISI boosted their price target on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $61.00 price objective (down previously from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. Finally, Redburn Atlantic started coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $76.79.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $57.10 on Wednesday. The stock has a market cap of $76.35 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.80 and a beta of 0.54. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. Mondelez International, Inc. has a fifty-two week low of $55.97 and a fifty-two week high of $77.20. The firm’s 50-day simple moving average is $62.11 and its 200 day simple moving average is $67.44.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the company earned $0.82 earnings per share. As a group, research analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

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

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio is 66.67%.

About Mondelez International

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.