Mondelez International, Inc. (NASDAQ:MDLZ) Stock Position Increased by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 28,913,478 shares of the company’s stock after buying an additional 708,523 shares during the period. Geode Capital Management LLC’s holdings in Mondelez International were worth $1,721,954,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Mondelez International by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company’s stock valued at $7,910,477,000 after purchasing an additional 931,776 shares in the last quarter. State Street Corp lifted its stake in Mondelez International by 3.2% during the third quarter. State Street Corp now owns 60,151,987 shares of the company’s stock valued at $4,459,239,000 after purchasing an additional 1,851,247 shares during the last quarter. Norges Bank bought a new stake in Mondelez International during the fourth quarter worth approximately $1,118,755,000. Bank of New York Mellon Corp grew its position in Mondelez International by 3.3% in the fourth quarter. Bank of New York Mellon Corp now owns 10,354,236 shares of the company’s stock worth $618,458,000 after buying an additional 326,177 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Mondelez International by 13.5% in the fourth quarter. Franklin Resources Inc. now owns 8,806,832 shares of the company’s stock valued at $526,032,000 after buying an additional 1,049,498 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MDLZ. Piper Sandler raised their price objective on Mondelez International from $56.00 to $59.00 and gave the stock a “neutral” rating in a research note on Thursday, March 27th. Morgan Stanley started coverage on Mondelez International in a report on Monday, March 24th. They set an “overweight” rating and a $69.00 price objective on the stock. DZ Bank lowered shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective for the company. in a research note on Friday, February 7th. Argus lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Finally, Citigroup decreased their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $69.50.

Mondelez International Stock Performance

Shares of MDLZ opened at $67.65 on Wednesday. The firm has a market cap of $87.51 billion, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The company’s fifty day moving average is $62.65 and its 200-day moving average is $64.65. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results 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 return on equity of 16.75% and a net margin of 12.68%. Equities analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International declared that its Board of Directors has approved a stock repurchase plan on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.78%. Mondelez International’s dividend payout ratio (DPR) is currently 54.97%.

Mondelez International Company 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.