AssuredPartners Investment Advisors LLC Takes $490,000 Position in Mondelez International, Inc. (NASDAQ:MDLZ)

AssuredPartners Investment Advisors LLC purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 8,201 shares of the company’s stock, valued at approximately $490,000.

Other hedge funds also recently bought and sold shares of the company. NEOS Investment Management LLC lifted its stake in shares of Mondelez International by 24.9% in the fourth quarter. NEOS Investment Management LLC now owns 176,738 shares of the company’s stock worth $10,557,000 after buying an additional 35,254 shares in the last quarter. UniSuper Management Pty Ltd lifted its position in Mondelez International by 3.9% in the 4th quarter. UniSuper Management Pty Ltd now owns 598,735 shares of the company’s stock valued at $35,762,000 after acquiring an additional 22,296 shares in the last quarter. Sava Infond d.o.o. purchased a new stake in Mondelez International during the 4th quarter valued at $2,300,000. WINTON GROUP Ltd increased its holdings in shares of Mondelez International by 3,241.5% in the 4th quarter. WINTON GROUP Ltd now owns 98,239 shares of the company’s stock worth $5,868,000 after purchasing an additional 95,299 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Mondelez International by 7.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,378,557 shares of the company’s stock worth $142,380,000 after purchasing an additional 165,176 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 1.8 %

MDLZ opened at $67.50 on Friday. The stock has a market cap of $87.31 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth 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. The firm’s fifty day moving average is $62.06 and its 200 day moving average is $64.94. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06.

Mondelez International (NASDAQ:MDLZ) last announced 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%. On average, sell-side 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 approved a stock repurchase program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is currently 54.97%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MDLZ shares. Piper Sandler increased their price objective on Mondelez International from $56.00 to $59.00 and gave the company a “neutral” rating in a research report on Thursday. Morgan Stanley began coverage on shares of Mondelez International in a research note on Monday. They issued an “overweight” rating and a $69.00 price target for the company. Mizuho increased their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, February 14th. Wells Fargo & Company cut their target price on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada lowered their price target on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.50.

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.