Union Bancaire Privee UBP SA Buys New Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Union Bancaire Privee UBP SA purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 1,900 shares of the company’s stock, valued at approximately $113,000.

Other institutional investors also recently bought and sold shares of the company. Truvestments Capital LLC acquired a new stake in shares of Mondelez International in the third quarter worth $25,000. Marshall Investment Management LLC purchased a new stake in Mondelez International in the fourth quarter valued at $26,000. Prospera Private Wealth LLC purchased a new stake in Mondelez International in the third quarter valued at $27,000. Hager Investment Management Services LLC acquired a new stake in Mondelez International during the 4th quarter worth about $27,000. Finally, McClarren Financial Advisors Inc. purchased a new position in shares of Mondelez International during the 4th quarter valued at about $32,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on MDLZ shares. Mizuho upped their target price on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. The Goldman Sachs Group lowered their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Piper Sandler lowered shares of Mondelez International from an “overweight” rating to a “neutral” rating and cut their target price for the company from $70.00 to $63.00 in a report on Friday, January 31st. DZ Bank downgraded shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target on the stock. in a report on Friday, February 7th. Finally, UBS Group cut their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.74.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $65.88 on Wednesday. The stock has a market capitalization of $85.22 billion, a P/E ratio of 19.26, a PEG ratio of 4.34 and a beta of 0.54. The business has a 50 day simple moving average of $59.15 and a two-hundred day simple moving average of $65.81. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. 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 posted its quarterly earnings data 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%. As a group, analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.85%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio is currently 54.97%.

Mondelez International declared that its board has authorized a share buyback program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are generally 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.