Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by Manchester Capital Management LLC

Manchester Capital Management LLC lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,035 shares of the company’s stock after acquiring an additional 195 shares during the period. Manchester Capital Management LLC’s holdings in Mondelez International were worth $480,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Planning increased its position in Mondelez International by 4.8% during the 3rd quarter. Creative Planning now owns 343,226 shares of the company’s stock worth $25,285,000 after purchasing an additional 15,845 shares in the last quarter. Twelve Points Wealth Management LLC increased its position in Mondelez International by 7.1% during the 3rd quarter. Twelve Points Wealth Management LLC now owns 4,247 shares of the company’s stock worth $313,000 after purchasing an additional 280 shares in the last quarter. Good Life Advisors LLC increased its position in Mondelez International by 44.0% during the 3rd quarter. Good Life Advisors LLC now owns 6,373 shares of the company’s stock worth $469,000 after purchasing an additional 1,946 shares in the last quarter. Global Retirement Partners LLC increased its position in Mondelez International by 14.2% during the 3rd quarter. Global Retirement Partners LLC now owns 18,278 shares of the company’s stock worth $1,347,000 after purchasing an additional 2,270 shares in the last quarter. Finally, Marshall Financial Group LLC increased its position in Mondelez International by 3.0% during the 3rd quarter. Marshall Financial Group LLC now owns 5,715 shares of the company’s stock worth $421,000 after purchasing an additional 166 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Mizuho lifted their price objective on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday. Piper Sandler lowered shares of Mondelez International from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $70.00 to $63.00 in a report on Friday, January 31st. UBS Group cut their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Citigroup cut their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, Wells Fargo & Company cut their price objective on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.74.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $60.82 on Friday. The business’s 50-day moving average price is $59.02 and its 200 day moving average price is $66.18. The firm has a market cap of $81.33 billion, a P/E ratio of 17.78, a PEG ratio of 4.04 and a beta of 0.54. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a quick ratio of 0.42, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share 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%. As a group, sell-side analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International declared that its board has approved a share buyback plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.09%. Mondelez International’s dividend payout ratio is 54.97%.

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.