TCTC Holdings LLC Has $12.20 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

TCTC Holdings LLC boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 204,250 shares of the company’s stock after purchasing an additional 1,681 shares during the period. TCTC Holdings LLC’s holdings in Mondelez International were worth $12,200,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Cibc World Markets Corp increased its holdings in Mondelez International by 139.1% in the 4th quarter. Cibc World Markets Corp now owns 1,025,833 shares of the company’s stock worth $61,273,000 after purchasing an additional 596,865 shares in the last quarter. Addison Capital Co increased its stake in shares of Mondelez International by 0.5% in the fourth quarter. Addison Capital Co now owns 81,451 shares of the company’s stock valued at $4,865,000 after buying an additional 391 shares during the period. First National Advisers LLC increased its stake in shares of Mondelez International by 42.4% in the fourth quarter. First National Advisers LLC now owns 34,436 shares of the company’s stock valued at $2,057,000 after buying an additional 10,254 shares during the period. GWN Securities Inc. acquired a new stake in shares of Mondelez International in the fourth quarter valued at about $921,000. Finally, Harbour Investments Inc. increased its stake in shares of Mondelez International by 19.8% in the fourth quarter. Harbour Investments Inc. now owns 8,739 shares of the company’s stock valued at $522,000 after buying an additional 1,443 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $64.31 on Monday. The company has a market cap of $83.19 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The business has a 50 day moving average price of $60.69 and a 200-day moving average price of $65.34. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last issued 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%. Equities analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Dbs Bank cut Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. UBS Group cut their target price on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Mizuho upped their target price on Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, February 14th. Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and cut their target price for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. Finally, Piper Sandler lowered Mondelez International from an “overweight” rating to a “neutral” rating and cut their target price for the company from $70.00 to $63.00 in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.74.

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.