Twin Capital Management Inc. Has $2.39 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Twin Capital Management Inc. increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,983 shares of the company’s stock after buying an additional 853 shares during the period. Twin Capital Management Inc.’s holdings in Mondelez International were worth $2,388,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Marshall Investment Management LLC acquired a new position in shares of Mondelez International during the fourth quarter valued at $26,000. Hager Investment Management Services LLC acquired a new stake in shares of Mondelez International during the 4th quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in Mondelez International in the fourth quarter valued at approximately $31,000. McClarren Financial Advisors Inc. bought a new position in Mondelez International in the fourth quarter valued at approximately $32,000. Finally, Sierra Ocean LLC acquired a new stake in Mondelez International during the 4th quarter worth $32,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Price Performance

Mondelez International stock opened at $66.31 on Monday. The firm has a market cap of $85.77 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The stock’s fifty day moving average price is $63.25 and its two-hundred day moving average price is $64.47. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06.

Mondelez International (NASDAQ:MDLZ) last released its earnings results 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 net margin of 12.68% and a return on equity of 16.75%. As a group, research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently disclosed 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. 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 2.84%. Mondelez International’s dividend payout ratio is currently 54.97%.

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Morgan Stanley began coverage on Mondelez International in a research report on Monday, March 24th. They issued an “overweight” rating and a $69.00 price target on the stock. Stifel Nicolaus cut their price target on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered 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 note on Wednesday, January 22nd. Barclays reduced their price target on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Finally, Piper Sandler raised their price objective on Mondelez International from $56.00 to $59.00 and gave the stock a “neutral” rating in a research note on Thursday, March 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $70.20.

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.