Headlands Technologies LLC Purchases New Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Headlands Technologies LLC acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 68,785 shares of the company’s stock, valued at approximately $4,109,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Mondelez International in the fourth quarter valued at $1,118,755,000. Raymond James Financial Inc. bought a new position in Mondelez International in the 4th quarter worth about $256,832,000. Van ECK Associates Corp grew its holdings in Mondelez International by 2,560.0% during the 4th quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock valued at $203,749,000 after buying an additional 3,282,937 shares in the last quarter. Ilex Capital Partners UK LLP bought a new stake in shares of Mondelez International during the third quarter valued at about $219,045,000. Finally, Holocene Advisors LP purchased a new stake in shares of Mondelez International in the third quarter worth about $159,823,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

MDLZ stock opened at $67.85 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The firm has a market cap of $87.77 billion, a P/E ratio of 19.84, a P/E/G ratio of 4.34 and a beta of 0.50. The firm’s fifty day moving average is $62.45 and its 200 day moving average is $64.70. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data 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 return on equity of 16.75% and a net margin of 12.68%. Research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International declared that its Board of Directors has approved a stock repurchase program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership 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. Stockholders of record on Monday, March 31st will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Analysts Set New Price Targets

MDLZ has been the subject of several recent analyst reports. Citigroup reduced their price objective 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. Mizuho upped their price target on shares of Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Barclays dropped their price objective on Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. The Goldman Sachs Group decreased their target price on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, Wells Fargo & Company dropped their price target on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $69.50.

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.