21,380 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Acquired by Generali Investments Management Co LLC

Generali Investments Management Co LLC purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 21,380 shares of the company’s stock, valued at approximately $1,277,000.

Several other large investors have also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd increased its position in shares of Mondelez International by 27.9% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 78,697 shares of the company’s stock worth $4,643,000 after purchasing an additional 17,166 shares in the last quarter. Vinva Investment Management Ltd increased its position in shares of Mondelez International by 7.7% during the fourth quarter. Vinva Investment Management Ltd now owns 66,957 shares of the company’s stock worth $3,988,000 after purchasing an additional 4,766 shares in the last quarter. VSM Wealth Advisory LLC purchased a new stake in shares of Mondelez International during the fourth quarter worth approximately $82,000. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of Mondelez International by 27.0% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 8,690 shares of the company’s stock worth $523,000 after purchasing an additional 1,848 shares in the last quarter. Finally, Xponance Inc. increased its position in shares of Mondelez International by 2.9% during the fourth quarter. Xponance Inc. now owns 197,937 shares of the company’s stock worth $11,823,000 after purchasing an additional 5,619 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $64.65 on Wednesday. The business’s fifty day simple moving average is $60.95 and its 200-day simple moving average is $65.25. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a market cap of $83.63 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50.

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

Mondelez International declared that its board has initiated a stock buyback program on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

Analyst Ratings Changes

Several brokerages recently commented on MDLZ. Royal Bank of Canada dropped their price target 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. Deutsche Bank Aktiengesellschaft dropped their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a report on Wednesday, January 22nd. Dbs Bank cut Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. The Goldman Sachs Group dropped their target price on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, Mizuho upped their target price on Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.