Mondelez International, Inc. (NASDAQ:MDLZ) Stock Holdings Lifted by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 238.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 85,936 shares of the company’s stock after acquiring an additional 60,522 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Mondelez International were worth $5,133,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in MDLZ. United Bank grew its position in Mondelez International by 12.7% during the third quarter. United Bank now owns 22,649 shares of the company’s stock valued at $1,669,000 after purchasing an additional 2,549 shares in the last quarter. Thrivent Financial for Lutherans grew its position in Mondelez International by 13.5% during the third quarter. Thrivent Financial for Lutherans now owns 197,964 shares of the company’s stock valued at $14,584,000 after purchasing an additional 23,497 shares in the last quarter. Prospera Private Wealth LLC purchased a new position in Mondelez International during the third quarter valued at approximately $27,000. Strategy Asset Managers LLC grew its position in Mondelez International by 6.6% during the third quarter. Strategy Asset Managers LLC now owns 8,526 shares of the company’s stock valued at $628,000 after purchasing an additional 528 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its position in Mondelez International by 8.2% during the third quarter. First Horizon Advisors Inc. now owns 10,318 shares of the company’s stock valued at $760,000 after purchasing an additional 780 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Barclays lowered their price objective 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 target price on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, January 24th. UBS Group reduced their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and reduced their target price for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Finally, Piper Sandler cut shares of Mondelez International from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $70.00 to $63.00 in a research note on Friday, January 31st. One 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.74.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $63.95 on Friday. The stock has a market cap of $82.72 billion, a P/E ratio of 18.70, a PEG ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company has a fifty day moving average price of $61.18 and a 200 day moving average price of $65.23. 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 released its earnings results on Tuesday, February 4th. The company reported $0.65 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%. Analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

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

Mondelez International announced that its Board of Directors has initiated a stock buyback plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.