Everence Capital Management Inc. Grows Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Everence Capital Management Inc. boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 60.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,462 shares of the company’s stock after buying an additional 23,500 shares during the period. Everence Capital Management Inc.’s holdings in Mondelez International were worth $3,731,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of Mondelez International by 3.2% in the third quarter. State Street Corp now owns 60,151,987 shares of the company’s stock valued at $4,459,239,000 after acquiring an additional 1,851,247 shares in the last quarter. Geode Capital Management LLC raised its holdings in Mondelez International by 1.2% during the third quarter. Geode Capital Management LLC now owns 28,204,955 shares of the company’s stock worth $2,069,906,000 after purchasing an additional 341,203 shares in the last quarter. FMR LLC lifted its position in Mondelez International by 14.2% in the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after purchasing an additional 2,268,639 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Mondelez International by 2.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company’s stock valued at $1,268,242,000 after purchasing an additional 489,068 shares in the last quarter. Finally, Mizuho Securities USA LLC increased its position in Mondelez International by 12,057.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after purchasing an additional 12,470,573 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

MDLZ stock traded up $0.58 during trading on Friday, hitting $60.08. The stock had a trading volume of 1,800,410 shares, compared to its average volume of 3,875,156. Mondelez International, Inc. has a 1-year low of $58.90 and a 1-year high of $77.20. The stock has a market cap of $80.34 billion, a price-to-earnings ratio of 21.31, a price-to-earnings-growth ratio of 2.80 and a beta of 0.53. The company’s 50 day moving average price is $63.90 and its two-hundred day moving average price is $67.91. 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 (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.14. The business had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.82 earnings per share. On average, sell-side analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Mondelez International declared that its Board of Directors has authorized a stock buyback program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Tuesday, December 31st. Mondelez International’s payout ratio is 66.67%.

Analysts Set New Price Targets

Several research firms have recently commented on MDLZ. Evercore ISI raised their price target on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Citigroup reduced their target price on Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Redburn Atlantic started coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target on the stock. Piper Sandler raised their price objective on shares of Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company lowered their target price on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a research report on Thursday, December 5th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $79.07.

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.