VELA Investment Management LLC Buys 1,070 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

VELA Investment Management LLC lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 24.8% in the 4th quarter, Holdings Channel reports. The fund owned 5,381 shares of the company’s stock after acquiring an additional 1,070 shares during the quarter. VELA Investment Management LLC’s holdings in Mondelez International were worth $321,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Truvestments Capital LLC bought a new stake in shares of Mondelez International during the third quarter worth $25,000. Prospera Private Wealth LLC bought a new position in Mondelez International in the third quarter valued at $27,000. Marshall Investment Management LLC bought a new position in Mondelez International in the fourth quarter valued at $26,000. Hager Investment Management Services LLC bought a new position in Mondelez International in the fourth quarter valued at $27,000. Finally, Highline Wealth Partners LLC bought a new position in Mondelez International in the third quarter valued at $38,000. Institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Piper Sandler downgraded shares of Mondelez International from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $70.00 to $63.00 in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research report on Wednesday, January 22nd. Stifel Nicolaus decreased their target price on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, January 24th. 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. Finally, Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and decreased their target price for the company 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 given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $69.74.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $63.98 on Friday. The firm has a 50-day moving average of $59.31 and a 200-day moving average of $65.78. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The stock has a market cap of $82.76 billion, a PE ratio of 18.71, a P/E/G ratio of 4.34 and a beta of 0.54. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06.

Mondelez International (NASDAQ:MDLZ) last posted its 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 return on equity of 16.75% and a net margin of 12.68%. On average, sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

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

Mondelez International Announces Dividend

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

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.