Twin Capital Management Inc. Acquires 853 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Twin Capital Management Inc. lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 39,983 shares of the company’s stock after buying an additional 853 shares during the period. Twin Capital Management Inc.’s holdings in Mondelez International were worth $2,388,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Mondelez International by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company’s stock valued at $7,910,477,000 after purchasing an additional 931,776 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Mondelez International by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company’s stock valued at $1,721,954,000 after buying an additional 708,523 shares during the period. Norges Bank bought a new position in Mondelez International in the fourth quarter worth approximately $1,118,755,000. Massachusetts Financial Services Co. MA grew its stake in Mondelez International by 1.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 17,423,363 shares of the company’s stock valued at $1,040,697,000 after acquiring an additional 208,181 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Mondelez International by 13.6% during the fourth quarter. Invesco Ltd. now owns 12,409,582 shares of the company’s stock valued at $741,224,000 after acquiring an additional 1,483,270 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Down 2.3 %

NASDAQ MDLZ opened at $66.31 on Monday. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $85.77 billion, a PE ratio of 19.39, a P/E/G ratio of 4.34 and a beta of 0.47. The stock’s 50 day moving average is $63.25 and its 200 day moving average is $64.47. 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 data on Tuesday, February 4th. The company reported $0.65 earnings per share 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%. Research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

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

Mondelez International Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 2.84%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is 54.97%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Piper Sandler upped their target price on shares of Mondelez International from $56.00 to $59.00 and gave the stock a “neutral” rating in a report on Thursday, March 27th. Dbs Bank cut Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Barclays reduced their target price on Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Morgan Stanley started coverage on shares of Mondelez International in a report on Monday, March 24th. They issued an “overweight” rating and a $69.00 price target on the stock. Finally, DZ Bank lowered shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price on the stock. in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $70.20.

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.