Mondelez International, Inc. (NASDAQ:MDLZ) Holdings Increased by Saybrook Capital NC

Saybrook Capital NC grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 30.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 177,638 shares of the company’s stock after buying an additional 41,915 shares during the quarter. Mondelez International comprises 2.8% of Saybrook Capital NC’s holdings, making the stock its 11th biggest position. Saybrook Capital NC’s holdings in Mondelez International were worth $10,610,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MDLZ. Principal Financial Group Inc. raised its position in shares of Mondelez International by 5.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,567,067 shares of the company’s stock worth $115,446,000 after buying an additional 82,742 shares in the last quarter. Consolidated Planning Corp bought a new stake in shares of Mondelez International in the 3rd quarter worth approximately $212,000. Hollencrest Capital Management raised its holdings in shares of Mondelez International by 33.1% in the 3rd quarter. Hollencrest Capital Management now owns 1,428 shares of the company’s stock worth $105,000 after purchasing an additional 355 shares in the last quarter. Leavell Investment Management Inc. raised its holdings in shares of Mondelez International by 3.3% in the 3rd quarter. Leavell Investment Management Inc. now owns 11,022 shares of the company’s stock worth $817,000 after purchasing an additional 352 shares in the last quarter. Finally, CWA Asset Management Group LLC bought a new stake in shares of Mondelez International in the 3rd quarter worth approximately $423,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Performance

Shares of MDLZ opened at $67.74 on Friday. The company’s 50 day moving average price is $60.06 and its 200 day moving average price is $65.56. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a market capitalization of $87.62 billion, a PE ratio of 19.81, a PEG ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results 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 return on equity of 16.75% and a net margin of 12.68%. Research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.78%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio is 54.97%.

Mondelez International announced that its board has approved a stock buyback program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. The Goldman Sachs Group dropped their target price on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Barclays dropped their target price on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Mizuho boosted their target price on shares of Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Argus downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Piper Sandler downgraded shares of Mondelez International from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $70.00 to $63.00 in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.74.

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.