Headlands Technologies LLC Purchases New Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Headlands Technologies LLC acquired a new position in Mondelez International, Inc. (NASDAQ:MDLZ) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 68,785 shares of the company’s stock, valued at approximately $4,109,000.

Other large investors have also recently made changes to their positions in the company. Marshall Investment Management LLC bought a new stake in Mondelez International in the fourth quarter valued at $26,000. Hager Investment Management Services LLC purchased a new stake in shares of Mondelez International in the 4th quarter worth about $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Mondelez International during the 4th quarter valued at about $31,000. McClarren Financial Advisors Inc. purchased a new position in shares of Mondelez International during the fourth quarter valued at about $32,000. Finally, Sierra Ocean LLC bought a new position in Mondelez International in the fourth quarter worth about $32,000. 78.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on MDLZ shares. Barclays lowered their price objective on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Citigroup lowered their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. DZ Bank cut 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. UBS Group lowered their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and reduced their target price for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.50.

Mondelez International Stock Performance

MDLZ stock opened at $67.85 on Tuesday. The stock’s 50 day simple moving average is $62.45 and its 200 day simple moving average is $64.70. 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, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The stock has a market capitalization of $87.77 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50.

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 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, research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business 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. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is presently 54.97%.

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

Mondelez International Company 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.