Andra AP fonden Takes Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Andra AP fonden bought a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 46,700 shares of the company’s stock, valued at approximately $2,789,000.

A number of other hedge funds have also bought and sold shares of MDLZ. Mizuho Securities USA LLC raised its stake in Mondelez International by 12,057.4% during the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after buying an additional 12,470,573 shares during the last quarter. Raymond James Financial Inc. bought a new position in Mondelez International during the fourth quarter worth $256,832,000. Van ECK Associates Corp raised its stake in Mondelez International by 2,560.0% during the fourth quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock worth $203,749,000 after buying an additional 3,282,937 shares during the last quarter. Ilex Capital Partners UK LLP bought a new position in Mondelez International during the third quarter worth $219,045,000. Finally, FMR LLC raised its stake in Mondelez International by 14.2% during the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after buying an additional 2,268,639 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group lowered their target price on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Mizuho lifted their price target on shares of Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. UBS Group decreased their price target on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. DZ Bank downgraded shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target for the company. in a research note on Friday, February 7th. Finally, Piper Sandler downgraded shares of Mondelez International from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $70.00 to $63.00 in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $69.74.

Mondelez International Stock Up 1.5 %

Mondelez International stock opened at $67.74 on Monday. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The stock has a market cap of $87.62 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The firm’s 50-day simple moving average is $60.06 and its 200 day simple moving average is $65.52. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share 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 EPS for the current fiscal year.

Mondelez International Announces Dividend

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 issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Mondelez International declared that its board has authorized a stock repurchase program 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 stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

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.