StoneX Group Inc. Raises Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

StoneX Group Inc. raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 39.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,063 shares of the company’s stock after purchasing an additional 11,326 shares during the quarter. StoneX Group Inc.’s holdings in Mondelez International were worth $2,410,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. United Bank increased its position in shares of Mondelez International by 12.7% during the third quarter. United Bank now owns 22,649 shares of the company’s stock valued at $1,669,000 after acquiring an additional 2,549 shares during the last quarter. Erste Asset Management GmbH purchased a new position in shares of Mondelez International during the 3rd quarter worth approximately $2,337,000. Kestra Investment Management LLC acquired a new stake in Mondelez International in the 3rd quarter valued at approximately $225,000. Beacon Investment Advisory Services Inc. raised its position in Mondelez International by 11.7% in the third quarter. Beacon Investment Advisory Services Inc. now owns 5,718 shares of the company’s stock valued at $421,000 after purchasing an additional 600 shares during the period. Finally, Cinctive Capital Management LP acquired a new position in Mondelez International during the third quarter worth $1,219,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Down 0.3 %

Shares of NASDAQ:MDLZ opened at $67.65 on Wednesday. The firm has a 50 day simple moving average of $62.65 and a 200-day simple moving average of $64.65. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. 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 company has a market capitalization of $87.51 billion, a PE ratio of 19.78, a P/E/G ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results 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%. On average, equities analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.78%. Mondelez International’s dividend payout ratio is presently 54.97%.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MDLZ. Dbs Bank cut Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. Morgan Stanley started coverage on shares of Mondelez International in a research note on Monday, March 24th. They set an “overweight” rating and a $69.00 price target on the stock. Piper Sandler raised their price objective on shares of Mondelez International from $56.00 to $59.00 and gave the company a “neutral” rating in a research note on Thursday, March 27th. Citigroup cut their target price on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, UBS Group reduced their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.