Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by StoneX Group Inc.

StoneX Group Inc. boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 39.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 40,063 shares of the company’s stock after purchasing an additional 11,326 shares during the period. StoneX Group Inc.’s holdings in Mondelez International were worth $2,410,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marshall Investment Management LLC acquired a new stake in shares of Mondelez International in the 4th quarter worth $26,000. Hager Investment Management Services LLC acquired a new stake in Mondelez International in the fourth quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Mondelez International in the 4th quarter valued at approximately $31,000. Sierra Ocean LLC purchased a new stake in Mondelez International in the 4th quarter valued at approximately $32,000. Finally, McClarren Financial Advisors Inc. acquired a new position in Mondelez International during the 4th quarter worth approximately $32,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Citigroup reduced their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. The Goldman Sachs Group decreased their target price on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Morgan Stanley began coverage on shares of Mondelez International in a report on Monday, March 24th. They issued an “overweight” rating and a $69.00 price target for the company. Royal Bank of Canada decreased their price objective on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Finally, Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and dropped their target price for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.50.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $67.65 on Wednesday. The company has a market capitalization of $87.51 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 4.34 and a beta of 0.50. 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, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The business has a 50-day moving average of $62.65 and a 200-day moving average of $64.65.

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

Mondelez International Dividend Announcement

The business also recently announced 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. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.78%. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

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

About Mondelez International

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.