Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by Great Lakes Advisors LLC

Great Lakes Advisors LLC grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.9% during the 4th quarter, Holdings Channel reports. The firm owned 1,120,601 shares of the company’s stock after purchasing an additional 20,818 shares during the period. Great Lakes Advisors LLC’s holdings in Mondelez International were worth $66,933,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MDLZ. Hopwood Financial Services Inc. bought a new stake in shares of Mondelez International during the 4th quarter worth $105,000. Sequoia Financial Advisors LLC boosted its stake in shares of Mondelez International by 1.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 31,814 shares of the company’s stock worth $1,900,000 after acquiring an additional 341 shares in the last quarter. Natural Investments LLC bought a new stake in shares of Mondelez International during the 4th quarter worth $223,000. AGF Management Ltd. boosted its stake in shares of Mondelez International by 5.5% during the 4th quarter. AGF Management Ltd. now owns 1,694,580 shares of the company’s stock worth $101,217,000 after acquiring an additional 88,494 shares in the last quarter. Finally, GC Wealth Management RIA LLC boosted its stake in shares of Mondelez International by 2.7% during the 4th quarter. GC Wealth Management RIA LLC now owns 10,250 shares of the company’s stock worth $612,000 after acquiring an additional 273 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research report on Wednesday, January 22nd. Piper Sandler cut Mondelez International from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $70.00 to $63.00 in a research report on Friday, January 31st. DZ Bank cut Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective for the company. in a research report on Friday, February 7th. The Goldman Sachs Group reduced their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Finally, Argus cut Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.74.

Mondelez International Stock Down 0.4 %

NASDAQ MDLZ opened at $67.85 on Wednesday. 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 stock’s 50 day moving average is $60.39 and its two-hundred day moving average is $65.48. The company has a market capitalization of $87.77 billion, a price-to-earnings ratio of 19.84, a PEG 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.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is currently 54.97%.

Mondelez International declared that its Board of Directors has approved a stock repurchase program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.