R Squared Ltd Invests $386,000 in Mondelez International, Inc. (NASDAQ:MDLZ)

R Squared Ltd bought a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 6,470 shares of the company’s stock, valued at approximately $386,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Truvestments Capital LLC bought a new position in Mondelez International during the 3rd quarter valued at $25,000. Prospera Private Wealth LLC acquired a new stake in Mondelez International during the 3rd quarter valued at $27,000. Richardson Financial Services Inc. lifted its holdings in shares of Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. Highline Wealth Partners LLC acquired a new stake in shares of Mondelez International in the third quarter worth $38,000. Finally, Albion Financial Group UT purchased a new position in shares of Mondelez International during the fourth quarter valued at $38,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 2.4 %

MDLZ stock opened at $56.91 on Wednesday. The stock has a market capitalization of $76.10 billion, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 2.96 and a beta of 0.54. The company has a 50-day moving average of $60.63 and a two-hundred day moving average of $66.90. Mondelez International, Inc. has a 52-week low of $55.97 and a 52-week high of $77.20. 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 (NASDAQ:MDLZ) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.14. The firm had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.82 EPS. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 3.45 EPS for the current year.

Mondelez International declared that its board has approved a stock buyback plan on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.30%. Mondelez International’s dividend payout ratio is 66.67%.

Analyst Ratings Changes

A number of equities research analysts have commented on MDLZ shares. Bank of America raised their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and decreased their price target for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. UBS Group dropped their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research note on Wednesday, January 22nd. Finally, The Goldman Sachs Group dropped their price target 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. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $73.06.

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.