Mondelez International, Inc. (NASDAQ:MDLZ) Position Boosted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 13.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 364,750 shares of the company’s stock after purchasing an additional 44,399 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Mondelez International were worth $21,949,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MDLZ. Truvestments Capital LLC bought a new position in shares of Mondelez International during the 3rd quarter worth about $25,000. Prospera Private Wealth LLC acquired a new stake in Mondelez International during the third quarter worth about $27,000. Richardson Financial Services Inc. increased its stake in Mondelez International by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after acquiring an additional 200 shares during the period. Hager Investment Management Services LLC acquired a new position in Mondelez International in the 4th quarter valued at approximately $27,000. Finally, Highline Wealth Partners LLC bought a new stake in shares of Mondelez International in the 3rd quarter worth approximately $38,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Piper Sandler cut Mondelez International from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $70.00 to $63.00 in a research report on Friday, January 31st. UBS Group lowered their price target on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Redburn Atlantic assumed coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective for the company. The Goldman Sachs Group lowered their target price 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. Finally, Bank of America raised their price target on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $72.35.

Mondelez International Price Performance

MDLZ opened at $57.43 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The stock has a market capitalization of $76.79 billion, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54. The company’s 50 day simple moving average is $59.76 and its 200-day simple moving average is $66.53. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly 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 net margin of 10.58% and a return on equity of 17.53%. Sell-side analysts anticipate that Mondelez International, Inc. will post 3.44 earnings per share for the current fiscal year.

Mondelez International declared that its Board of Directors has authorized a stock buyback plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio is 66.67%.

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.