Vision Financial Markets LLC Purchases Shares of 838 Mondelez International, Inc. (NASDAQ:MDLZ)

Vision Financial Markets LLC purchased a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 838 shares of the company’s stock, valued at approximately $50,000.

Several other hedge funds have also added to or reduced their stakes in the business. Cullen Frost Bankers Inc. lifted its holdings in Mondelez International by 0.4% during the 4th quarter. Cullen Frost Bankers Inc. now owns 54,645 shares of the company’s stock valued at $3,264,000 after purchasing an additional 221 shares during the last quarter. Aigen Investment Management LP bought a new position in Mondelez International during the 4th quarter worth $2,321,000. Proficio Capital Partners LLC bought a new position in Mondelez International during the 4th quarter worth $10,084,000. Assetmark Inc. increased its position in Mondelez International by 0.4% during the 4th quarter. Assetmark Inc. now owns 97,171 shares of the company’s stock worth $5,804,000 after buying an additional 430 shares during the period. Finally, NewSquare Capital LLC increased its position in Mondelez International by 3.9% during the 4th quarter. NewSquare Capital LLC now owns 12,578 shares of the company’s stock worth $751,000 after buying an additional 470 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Up 1.5 %

Shares of Mondelez International stock opened at $66.30 on Thursday. The stock has a fifty day simple moving average of $59.77 and a 200 day simple moving average of $65.61. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a market capitalization of $85.76 billion, a P/E ratio of 19.39, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate 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, sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International declared that its board has authorized a stock buyback program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.84%. Mondelez International’s dividend payout ratio is currently 54.97%.

Analysts Set New Price Targets

Several research analysts have weighed in on MDLZ shares. Mizuho increased 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, February 14th. Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. Stifel Nicolaus decreased their price target on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Citigroup decreased their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, Piper Sandler cut Mondelez International from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $70.00 to $63.00 in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $69.74.

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.