SBI Securities Co. Ltd. Takes $336,000 Position in Mondelez International, Inc. (NASDAQ:MDLZ)

SBI Securities Co. Ltd. bought a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,631 shares of the company’s stock, valued at approximately $336,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Czech National Bank lifted its holdings in shares of Mondelez International by 6.5% in the 4th quarter. Czech National Bank now owns 289,931 shares of the company’s stock valued at $17,318,000 after purchasing an additional 17,815 shares during the last quarter. Buckingham Capital Management Inc. lifted its holdings in shares of Mondelez International by 25.5% in the 4th quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company’s stock valued at $5,578,000 after purchasing an additional 18,961 shares during the last quarter. Legacy Private Trust Co. lifted its holdings in shares of Mondelez International by 33.2% in the 4th quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock valued at $229,000 after purchasing an additional 957 shares during the last quarter. Kennedy Investment Group purchased a new stake in shares of Mondelez International in the 4th quarter valued at about $313,000. Finally, Rhumbline Advisers lifted its holdings in shares of Mondelez International by 1.4% in the 4th quarter. Rhumbline Advisers now owns 2,742,126 shares of the company’s stock valued at $163,787,000 after purchasing an additional 37,897 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on MDLZ shares. Piper Sandler downgraded Mondelez International from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $70.00 to $63.00 in a report on Friday, January 31st. Citigroup reduced their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Barclays reduced their price objective on Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Wells Fargo & Company reduced their price objective on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus reduced their price objective on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average price target of $69.74.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $66.30 on Thursday. The company has a market cap of $85.76 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The stock has a 50 day simple moving average of $59.77 and a 200-day simple moving average of $65.61. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06.

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

Mondelez International Announces Dividend

The company also recently declared 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. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio is currently 54.97%.

Mondelez International announced that its board has authorized a share repurchase program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

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.