iA Global Asset Management Inc. Has $10.69 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

iA Global Asset Management Inc. lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 178,937 shares of the company’s stock after purchasing an additional 3,111 shares during the quarter. iA Global Asset Management Inc.’s holdings in Mondelez International were worth $10,688,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Truvestments Capital LLC acquired a new stake in Mondelez International during the 3rd quarter worth $25,000. Marshall Investment Management LLC acquired a new stake in Mondelez International during the 4th quarter worth $26,000. Prospera Private Wealth LLC acquired a new stake in Mondelez International during the 3rd quarter worth $27,000. Hager Investment Management Services LLC acquired a new stake in Mondelez International during the 4th quarter worth $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Mondelez International during the 4th quarter worth $31,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Dbs Bank lowered shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. Barclays reduced their price target on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Stifel Nicolaus reduced their price target on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. UBS Group reduced their price target on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Piper Sandler cut shares of Mondelez International from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $70.00 to $63.00 in a research 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 assigned a buy rating to the 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 Stock Down 1.0 %

Shares of MDLZ stock opened at $64.00 on Thursday. 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 1 year low of $53.95 and a 1 year high of $76.06. The firm’s fifty day moving average price is $61.07 and its two-hundred day moving average price is $65.24. The firm has a market capitalization of $82.79 billion, a P/E ratio of 18.71, a PEG ratio of 4.34 and a beta of 0.50.

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

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.94%. Mondelez International’s dividend payout ratio is presently 54.97%.

Mondelez International declared that its board has authorized a stock repurchase program 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 programs are often a sign that the company’s board of directors believes its shares are 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.