Pacer Advisors Inc. Has $12.08 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Pacer Advisors Inc. decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 19.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 202,195 shares of the company’s stock after selling 47,559 shares during the period. Pacer Advisors Inc.’s holdings in Mondelez International were worth $12,077,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Mizuho Securities USA LLC increased its position in Mondelez International by 12,057.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after purchasing an additional 12,470,573 shares during the period. Ilex Capital Partners UK LLP acquired a new stake in shares of Mondelez International during the third quarter worth $219,045,000. 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. Holocene Advisors LP bought a new stake in Mondelez International during the third quarter valued at $159,823,000. Finally, National Bank of Canada FI boosted its position in Mondelez International by 173.7% during the third quarter. National Bank of Canada FI now owns 3,049,440 shares of the company’s stock valued at $224,652,000 after acquiring an additional 1,935,356 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Trading Down 2.4 %

Shares of MDLZ stock opened at $56.91 on Wednesday. The company has a 50 day moving average of $60.63 and a 200-day moving average of $66.90. Mondelez International, Inc. has a 12-month low of $55.97 and a 12-month high of $77.20. The firm has a market cap of $76.10 billion, a P/E ratio of 20.18, a PEG ratio of 2.96 and a beta of 0.54. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same period in the previous year, the company posted $0.82 EPS. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. Sell-side analysts anticipate that Mondelez International, Inc. will post 3.45 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s payout ratio is 66.67%.

Mondelez International declared that its board has initiated a share repurchase program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to repurchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several recent analyst reports. Piper Sandler dropped their price target on Mondelez International from $84.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Bank of America increased their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Stifel Nicolaus decreased their price target on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group reduced their target price on Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $73.06.

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.