Portfolio Design Labs LLC Boosts Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Portfolio Design Labs LLC lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 79.9% in the 4th quarter, HoldingsChannel reports. The firm owned 35,042 shares of the company’s stock after acquiring an additional 15,563 shares during the period. Portfolio Design Labs LLC’s holdings in Mondelez International were worth $2,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Truvestments Capital LLC purchased a new stake in shares of Mondelez International in the 3rd quarter worth $25,000. Prospera Private Wealth LLC purchased a new stake in shares of Mondelez International in the 3rd quarter worth $27,000. Hager Investment Management Services LLC purchased a new stake in shares of Mondelez International in the 4th quarter worth $27,000. Richardson Financial Services Inc. increased its stake in shares of Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares in the last quarter. Finally, Highline Wealth Partners LLC purchased a new stake in shares of Mondelez International in the 3rd quarter worth $38,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Trading Up 3.3 %

Shares of Mondelez International stock opened at $60.45 on Wednesday. The firm has a market cap of $80.83 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 4.04 and a beta of 0.54. The business has a 50-day moving average price of $59.20 and a 200-day moving average price of $66.30. The company has a quick ratio of 0.42, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results 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%. Equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International declared that its Board of Directors has approved a share buyback plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s payout ratio is 54.97%.

Analyst Ratings Changes

Several research firms have recently commented on MDLZ. Piper Sandler lowered Mondelez International from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $70.00 to $63.00 in a research note on Friday, January 31st. Redburn Atlantic initiated coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target for the company. Royal Bank of Canada cut their price target on Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. UBS Group cut their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Barclays cut their price target on Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $69.72.

Mondelez International Company 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.