Greenleaf Trust Buys 5,086 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Greenleaf Trust lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 318,935 shares of the company’s stock after acquiring an additional 5,086 shares during the quarter. Greenleaf Trust’s holdings in Mondelez International were worth $19,050,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MDLZ. State Street Corp grew its position in Mondelez International by 3.2% in the 3rd quarter. State Street Corp now owns 60,151,987 shares of the company’s stock worth $4,459,239,000 after purchasing an additional 1,851,247 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Mondelez International by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 28,204,955 shares of the company’s stock worth $2,069,906,000 after buying an additional 341,203 shares during the last quarter. FMR LLC boosted its stake in shares of Mondelez International by 14.2% in the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after buying an additional 2,268,639 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Mondelez International by 2.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company’s stock valued at $1,268,242,000 after acquiring an additional 489,068 shares during the last quarter. Finally, Mizuho Securities USA LLC lifted its holdings in Mondelez International by 12,057.4% during the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after acquiring an additional 12,470,573 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 0.7 %

MDLZ opened at $57.99 on Friday. The firm has a market capitalization of $77.54 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 3.05 and a beta of 0.54. Mondelez International, Inc. has a one year low of $55.97 and a one year high of $77.20. The company has a fifty day moving average price of $60.09 and a 200-day moving average price of $66.67. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42.

Mondelez International announced that its Board of Directors has initiated a share buyback plan on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.24%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s payout ratio is 66.67%.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of a number of recent analyst reports. Piper Sandler downgraded Mondelez International from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $70.00 to $63.00 in a research note on Friday. Bank of America raised their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. The Goldman Sachs Group dropped their target price on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Royal Bank of Canada restated an “outperform” rating and set a $75.00 price target on shares of Mondelez International in a research note on Thursday. Finally, Citigroup dropped their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average price target of $72.76.

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.