Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 598,735 shares of the company’s stock after acquiring an additional 22,296 shares during the period. UniSuper Management Pty Ltd’s holdings in Mondelez International were worth $35,762,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Hardy Reed LLC increased its position in Mondelez International by 1.4% in the third quarter. Hardy Reed LLC now owns 11,511 shares of the company’s stock worth $848,000 after buying an additional 161 shares during the period. Continuum Advisory LLC increased its holdings in shares of Mondelez International by 7.4% in the 3rd quarter. Continuum Advisory LLC now owns 2,542 shares of the company’s stock worth $187,000 after acquiring an additional 175 shares during the period. First Horizon Advisors Inc. lifted its position in Mondelez International by 1.8% in the 4th quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company’s stock valued at $627,000 after purchasing an additional 181 shares during the last quarter. Traphagen Investment Advisors LLC boosted its stake in Mondelez International by 0.8% during the 4th quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company’s stock valued at $1,411,000 after purchasing an additional 187 shares during the period. Finally, Core Alternative Capital grew its position in Mondelez International by 1.7% in the 4th quarter. Core Alternative Capital now owns 11,448 shares of the company’s stock worth $684,000 after purchasing an additional 187 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Up 2.5 %

Mondelez International stock opened at $66.33 on Thursday. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. 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 firm has a market capitalization of $85.80 billion, a price-to-earnings ratio of 19.39, a P/E/G ratio of 4.34 and a beta of 0.50. The company has a 50 day moving average price of $61.87 and a 200 day moving average price of $64.92.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International declared that its board has approved a stock repurchase plan on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.83%. Mondelez International’s dividend payout ratio is presently 54.97%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MDLZ shares. UBS Group cut their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Morgan Stanley began coverage on Mondelez International in a research report on Monday. They set an “overweight” rating and a $69.00 price target for the company. Piper Sandler lowered Mondelez International from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $70.00 to $63.00 in a report on Friday, January 31st. Stifel Nicolaus reduced their price objective on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a report on Friday, January 24th. Finally, Argus cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.70.

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.