Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 26.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,555 shares of the company’s stock after purchasing an additional 3,275 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Mondelez International were worth $929,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MDLZ. ICICI Prudential Asset Management Co Ltd raised its holdings in Mondelez International by 430.0% in the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company’s stock valued at $5,520,000 after acquiring an additional 74,975 shares in the last quarter. Czech National Bank increased its position in shares of Mondelez International by 6.5% in the 4th quarter. Czech National Bank now owns 289,931 shares of the company’s stock worth $17,318,000 after purchasing an additional 17,815 shares during the last quarter. Buckingham Capital Management Inc. raised its stake in shares of Mondelez International by 25.5% in the 4th quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company’s stock valued at $5,578,000 after purchasing an additional 18,961 shares in the last quarter. Legacy Private Trust Co. lifted its position in shares of Mondelez International by 33.2% during the fourth quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock worth $229,000 after purchasing an additional 957 shares during the last quarter. Finally, Kennedy Investment Group acquired a new position in Mondelez International in the fourth quarter worth about $313,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Trading Up 0.9 %

Shares of MDLZ stock opened at $64.51 on Friday. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The firm has a market capitalization of $83.45 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The stock has a fifty day moving average of $61.35 and a two-hundred day moving average of $65.18. 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 posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share 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%. As a group, research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.91%. Mondelez International’s payout ratio is 54.97%.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several research reports. Royal Bank of Canada cut their price objective on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. DZ Bank cut Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective on the stock. in a research note on Friday, February 7th. Mizuho lifted their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Barclays dropped their target price on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Finally, Piper Sandler lowered shares of Mondelez International from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $70.00 to $63.00 in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.