iA Global Asset Management Inc. Has $10.69 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

iA Global Asset Management Inc. boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 178,937 shares of the company’s stock after buying an additional 3,111 shares during the quarter. iA Global Asset Management Inc.’s holdings in Mondelez International were worth $10,688,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MDLZ. United Bank boosted its holdings in Mondelez International by 12.7% during the third quarter. United Bank now owns 22,649 shares of the company’s stock valued at $1,669,000 after acquiring an additional 2,549 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Mondelez International by 13.5% during the third quarter. Thrivent Financial for Lutherans now owns 197,964 shares of the company’s stock valued at $14,584,000 after acquiring an additional 23,497 shares during the period. Baron Wealth Management LLC bought a new stake in Mondelez International during the third quarter valued at about $212,000. Aviance Capital Partners LLC bought a new stake in Mondelez International during the third quarter valued at about $203,000. Finally, Caprock Group LLC bought a new stake in Mondelez International during the third quarter valued at about $2,968,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $64.00 on Thursday. The firm has a market cap of $82.79 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 4.34 and a beta of 0.50. The company has a 50 day moving average of $61.07 and a 200-day moving average of $65.24. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share 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 forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

Mondelez International announced that its Board of Directors has authorized a share repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. DZ Bank cut shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target for the company. in a report on Friday, February 7th. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and reduced their target price for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Piper Sandler cut shares of Mondelez International from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $70.00 to $63.00 in a research note on Friday, January 31st. UBS Group reduced their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Mizuho increased their target price on shares of Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $69.74.

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.