Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 540,900 shares of the company’s stock after acquiring an additional 12,900 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Mondelez International were worth $32,308,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hazlett Burt & Watson Inc. grew its position in Mondelez International by 16.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock worth $78,000 after purchasing an additional 150 shares during the last quarter. Canopy Partners LLC boosted its holdings in shares of Mondelez International by 1.2% in the third quarter. Canopy Partners LLC now owns 13,335 shares of the company’s stock valued at $982,000 after acquiring an additional 161 shares in the last quarter. Hardy Reed LLC boosted its holdings in shares of Mondelez International by 1.4% in the third quarter. Hardy Reed LLC now owns 11,511 shares of the company’s stock valued at $848,000 after acquiring an additional 161 shares in the last quarter. Interchange Capital Partners LLC lifted its stake in Mondelez International by 4.9% during the third quarter. Interchange Capital Partners LLC now owns 3,490 shares of the company’s stock valued at $257,000 after purchasing an additional 163 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC lifted its stake in Mondelez International by 2.2% during the third quarter. Avidian Wealth Enterprises LLC now owns 7,641 shares of the company’s stock valued at $563,000 after purchasing an additional 163 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $63.45 on Thursday. The business’s 50 day moving average price is $59.21 and its two-hundred day moving average price is $65.79. The company has a market cap of $82.07 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54. 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, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06.

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

Mondelez International announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Mondelez International Announces Dividend

The business 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 $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is currently 54.97%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. UBS Group reduced 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 report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research report on Wednesday, January 22nd. Wells Fargo & Company cut their target price on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Piper Sandler lowered shares of Mondelez International from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $70.00 to $63.00 in a research note on Friday, January 31st. Finally, Dbs Bank lowered shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. 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, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.74.

Mondelez International Company 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.