Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by Sawyer & Company Inc

Sawyer & Company Inc lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 53.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,139 shares of the company’s stock after acquiring an additional 1,450 shares during the quarter. Sawyer & Company Inc’s holdings in Mondelez International were worth $247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in MDLZ. State Street Corp raised its position in shares of Mondelez International by 3.2% in the third quarter. State Street Corp now owns 60,151,987 shares of the company’s stock worth $4,459,239,000 after acquiring an additional 1,851,247 shares during the period. Geode Capital Management LLC raised its holdings in Mondelez International by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 28,204,955 shares of the company’s stock worth $2,069,906,000 after purchasing an additional 341,203 shares during the period. FMR LLC boosted its position in Mondelez International by 14.2% during the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after purchasing an additional 2,268,639 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Mondelez International by 2.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company’s stock worth $1,268,242,000 after purchasing an additional 489,068 shares in the last quarter. Finally, Mizuho Securities USA LLC grew its holdings in Mondelez International by 12,057.4% in the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after purchasing an additional 12,470,573 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Down 0.8 %

Shares of NASDAQ:MDLZ opened at $56.64 on Thursday. Mondelez International, Inc. has a 52-week low of $55.97 and a 52-week high of $77.20. The stock has a market cap of $75.74 billion, a P/E ratio of 20.09, a PEG ratio of 2.99 and a beta of 0.54. The business has a fifty day moving average of $62.11 and a two-hundred day moving average of $67.44. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. During the same quarter in the prior year, the firm posted $0.82 earnings per share. Mondelez International’s quarterly revenue was up 1.9% on a year-over-year basis. On average, research analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International announced that its board has initiated a stock repurchase program on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to buy up to 10.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s payout ratio is presently 66.67%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. The Goldman Sachs Group reduced their target price on Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a research note on Tuesday. Stifel Nicolaus increased their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft lowered shares of Mondelez International from a “buy” rating to a “hold” rating and dropped their target price for the company from $78.00 to $67.00 in a research report on Thursday, December 12th. Evercore ISI upped their price target on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Finally, Citigroup lowered their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $76.79.

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.