Marshall Investment Management LLC Makes New Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

Marshall Investment Management LLC acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 431 shares of the company’s stock, valued at approximately $26,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of MDLZ. Truvestments Capital LLC purchased a new stake in Mondelez International during the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC purchased a new stake in Mondelez International during the 3rd quarter worth approximately $27,000. Hager Investment Management Services LLC purchased a new stake in Mondelez International during the 4th quarter worth approximately $27,000. Richardson Financial Services Inc. increased its holdings in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares during the last quarter. Finally, McClarren Financial Advisors Inc. purchased a new stake in Mondelez International during the 4th quarter worth approximately $32,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Trading Up 4.1 %

NASDAQ:MDLZ opened at $64.70 on Friday. 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 12-month low of $53.95 and a 12-month high of $76.06. The business has a 50 day simple moving average of $58.98 and a 200 day simple moving average of $65.89. The firm has a market capitalization of $83.69 billion, a P/E ratio of 18.92, a P/E/G ratio of 4.34 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Equities research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International declared that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to buy up to 10.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.91%. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Barclays dropped their price objective on Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Dbs Bank lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Royal Bank of Canada decreased their target price on Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. Piper Sandler lowered Mondelez International from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $70.00 to $63.00 in a research report on Friday, January 31st. Finally, Mizuho lifted their target price on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.74.

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.