Mather Group LLC. Buys 613 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Mather Group LLC. raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,980 shares of the company’s stock after acquiring an additional 613 shares during the period. Mather Group LLC.’s holdings in Mondelez International were worth $954,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mizuho Securities USA LLC boosted its stake in shares of Mondelez International by 12,057.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after purchasing an additional 12,470,573 shares during the period. Ilex Capital Partners UK LLP purchased a new position in shares of Mondelez International during the third quarter valued at approximately $219,045,000. FMR LLC grew its stake in shares of Mondelez International by 14.2% during the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after buying an additional 2,268,639 shares during the last quarter. Holocene Advisors LP purchased a new stake in shares of Mondelez International in the third quarter worth approximately $159,823,000. Finally, National Bank of Canada FI lifted its stake in shares of Mondelez International by 173.7% during the 3rd quarter. National Bank of Canada FI now owns 3,049,440 shares of the company’s stock worth $224,652,000 after acquiring an additional 1,935,356 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 2.2 %

Shares of NASDAQ MDLZ opened at $56.12 on Wednesday. The business has a fifty day moving average price of $59.94 and a 200 day moving average price of $66.60. Mondelez International, Inc. has a 1-year low of $55.88 and a 1-year high of $76.69. 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 $75.04 billion, a P/E ratio of 19.90, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54.

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 net margin of 10.58% and a return on equity of 17.53%. Equities research analysts expect that Mondelez International, Inc. will post 3.44 EPS for the current fiscal year.

Mondelez International announced that its board has authorized a share buyback program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are 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 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s payout ratio is presently 66.67%.

Analyst Ratings Changes

Several equities analysts have commented on MDLZ shares. Jefferies Financial Group downgraded Mondelez International from a “buy” rating to a “hold” rating and cut their price objective for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. Citigroup reduced their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Piper Sandler lowered shares of Mondelez International from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $70.00 to $63.00 in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group lowered their price target on Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average price target of $72.76.

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.