Metis Global Partners LLC Has $2.68 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Metis Global Partners LLC lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 44,813 shares of the company’s stock after purchasing an additional 2,131 shares during the quarter. Metis Global Partners LLC’s holdings in Mondelez International were worth $2,677,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Fisher Asset Management LLC lifted its stake in Mondelez International by 33.0% in the 4th quarter. Fisher Asset Management LLC now owns 10,308 shares of the company’s stock valued at $616,000 after acquiring an additional 2,557 shares in the last quarter. SVB Wealth LLC bought a new stake in Mondelez International in the 4th quarter valued at approximately $9,404,000. Tufton Capital Management lifted its stake in Mondelez International by 7.8% in the 4th quarter. Tufton Capital Management now owns 113,271 shares of the company’s stock valued at $6,766,000 after acquiring an additional 8,203 shares in the last quarter. Motco lifted its stake in Mondelez International by 2.1% in the 4th quarter. Motco now owns 134,256 shares of the company’s stock valued at $8,019,000 after acquiring an additional 2,720 shares in the last quarter. Finally, Pettyjohn Wood & White Inc. lifted its stake in Mondelez International by 45.5% in the 4th quarter. Pettyjohn Wood & White Inc. now owns 9,960 shares of the company’s stock valued at $595,000 after acquiring an additional 3,114 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 0.4 %

MDLZ opened at $64.25 on Friday. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The stock’s fifty day simple moving average is $59.41 and its 200 day simple moving average is $65.71. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The stock has a market cap of $83.11 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 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 expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International declared that its Board of Directors has approved a share 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 purchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio is 54.97%.

Wall Street Analyst Weigh In

Several research firms have commented on MDLZ. Deutsche Bank Aktiengesellschaft cut their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. Stifel Nicolaus dropped their price objective on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. UBS Group dropped their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Mizuho upped their price objective on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. Finally, Piper Sandler cut Mondelez International from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $70.00 to $63.00 in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.74.

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.