Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by Blair William & Co. IL

Blair William & Co. IL raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 295,333 shares of the company’s stock after acquiring an additional 6,658 shares during the quarter. Blair William & Co. IL’s holdings in Mondelez International were worth $17,640,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in Mondelez International in the 4th quarter worth approximately $256,832,000. Van ECK Associates Corp raised its holdings in shares of Mondelez International by 2,560.0% in the fourth quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock worth $203,749,000 after buying an additional 3,282,937 shares during the last quarter. Ilex Capital Partners UK LLP acquired a new stake in shares of Mondelez International during the third quarter worth $219,045,000. Holocene Advisors LP acquired a new stake in shares of Mondelez International during the third quarter worth $159,823,000. Finally, National Bank of Canada FI grew its holdings in shares of Mondelez International by 173.7% during the third quarter. National Bank of Canada FI now owns 3,049,440 shares of the company’s stock valued at $224,652,000 after buying an additional 1,935,356 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Up 0.3 %

Shares of NASDAQ:MDLZ opened at $67.72 on Friday. The business’s 50 day moving average price is $62.25 and its 200-day moving average price is $64.88. 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 $87.60 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. 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 posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share (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 research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.78%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

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

Wall Street Analysts Forecast Growth

MDLZ has been the subject of a number of research reports. Piper Sandler lifted their price target on Mondelez International from $56.00 to $59.00 and gave the stock a “neutral” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft dropped their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. Morgan Stanley began coverage on shares of Mondelez International in a research report on Monday, March 24th. They set an “overweight” rating and a $69.00 price target for the company. UBS Group dropped their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, Barclays reduced their target price 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.50.

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.