R Squared Ltd Buys New Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

R Squared Ltd purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,470 shares of the company’s stock, valued at approximately $386,000.

A number of other institutional investors also recently made changes to their positions in MDLZ. Signature Wealth Management Partners LLC grew its stake in Mondelez International by 12.9% in the 4th quarter. Signature Wealth Management Partners LLC now owns 10,995 shares of the company’s stock worth $657,000 after acquiring an additional 1,252 shares during the period. Mayflower Financial Advisors LLC lifted its stake in shares of Mondelez International by 1.5% during the 4th quarter. Mayflower Financial Advisors LLC now owns 14,584 shares of the company’s stock worth $871,000 after purchasing an additional 221 shares during the period. Kennedy Investment Group acquired a new stake in shares of Mondelez International during the fourth quarter worth $313,000. BSW Wealth Partners purchased a new stake in shares of Mondelez International in the fourth quarter valued at $249,000. Finally, Perigon Wealth Management LLC increased its stake in Mondelez International by 11.6% in the fourth quarter. Perigon Wealth Management LLC now owns 13,727 shares of the company’s stock valued at $796,000 after purchasing an additional 1,425 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

MDLZ stock opened at $56.91 on Wednesday. The company has a market capitalization of $76.10 billion, a PE ratio of 20.18, a P/E/G 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. The stock’s 50 day moving average is $60.63 and its two-hundred day moving average is $66.90. Mondelez International, Inc. has a 52-week low of $55.97 and a 52-week high of $77.20.

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

Mondelez International Dividend Announcement

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

Mondelez International declared that its Board of Directors has approved a share buyback 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 leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Redburn Atlantic assumed coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target on the stock. Piper Sandler lowered their target price on shares of Mondelez International from $84.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. Citigroup lowered their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group cut their target price on Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $73.06.

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.