Greatmark Investment Partners Inc. Purchases 1,355 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Greatmark Investment Partners Inc. raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 45.2% during the fourth quarter, HoldingsChannel reports. The fund owned 4,351 shares of the company’s stock after acquiring an additional 1,355 shares during the quarter. Greatmark Investment Partners Inc.’s holdings in Mondelez International were worth $260,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of MDLZ. Mizuho Securities USA LLC increased its position in Mondelez International by 12,057.4% during the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after acquiring an additional 12,470,573 shares during the last quarter. Raymond James Financial Inc. bought a new position in Mondelez International during the fourth quarter valued at $256,832,000. Van ECK Associates Corp increased its position in Mondelez International by 2,560.0% during the fourth quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock valued at $203,749,000 after acquiring an additional 3,282,937 shares during the last quarter. Ilex Capital Partners UK LLP bought a new position in shares of Mondelez International in the third quarter worth about $219,045,000. Finally, FMR LLC grew its holdings in shares of Mondelez International by 14.2% in the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after purchasing an additional 2,268,639 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of research analyst reports. 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 report on Friday, January 24th. Wells Fargo & Company cut their price target 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. Dbs Bank cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. Piper Sandler cut shares of Mondelez International from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $70.00 to $63.00 in a report on Friday, January 31st. Finally, Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and cut their price target for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $69.74.

Mondelez International Stock Performance

MDLZ stock opened at $64.31 on Friday. The firm has a market cap of $83.19 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 4.34 and a beta of 0.50. The firm has a 50-day simple moving average of $60.69 and a two-hundred day simple moving average of $65.42. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ) last released its quarterly 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%. On average, equities analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business 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 $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is currently 54.97%.

Mondelez International declared that its Board of Directors has approved a stock buyback plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

About Mondelez International

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.