Caisse Des Depots ET Consignations Invests $3.07 Million in Mondelez International, Inc. (NASDAQ:MDLZ)

Caisse Des Depots ET Consignations purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 51,355 shares of the company’s stock, valued at approximately $3,067,000.

Other hedge funds have also bought and sold shares of the company. Blair William & Co. IL raised its position in shares of Mondelez International by 2.3% during the fourth quarter. Blair William & Co. IL now owns 295,333 shares of the company’s stock valued at $17,640,000 after buying an additional 6,658 shares during the last quarter. AssuredPartners Investment Advisors LLC bought a new stake in shares of Mondelez International in the 4th quarter valued at approximately $490,000. NEOS Investment Management LLC boosted its stake in shares of Mondelez International by 24.9% during the fourth quarter. NEOS Investment Management LLC now owns 176,738 shares of the company’s stock valued at $10,557,000 after purchasing an additional 35,254 shares during the period. UniSuper Management Pty Ltd grew its stake in Mondelez International by 3.9% in the 4th quarter. UniSuper Management Pty Ltd now owns 598,735 shares of the company’s stock worth $35,762,000 after acquiring an additional 22,296 shares in the last quarter. Finally, Sava Infond d.o.o. bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $2,300,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

MDLZ opened at $66.33 on Thursday. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The stock has a market cap of $85.80 billion, a P/E ratio of 19.39, a P/E/G ratio of 4.34 and a beta of 0.50. The stock’s 50 day simple moving average is $61.87 and its 200 day simple moving average is $64.92. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48.

Mondelez International (NASDAQ:MDLZ) last announced 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 net margin of 12.68% and a return on equity of 16.75%. As a group, equities analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently disclosed 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. This represents a $1.88 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is 54.97%.

Mondelez International announced that its Board of Directors has authorized a share repurchase plan on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MDLZ. Wells Fargo & Company decreased their target price on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Citigroup reduced 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 report on Wednesday, January 8th. Piper Sandler lowered Mondelez International from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $70.00 to $63.00 in a research note on Friday, January 31st. Jefferies Financial Group lowered 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. Finally, DZ Bank downgraded shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target on the stock. in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $69.70.

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.