Kornitzer Capital Management Inc. KS Grows Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Kornitzer Capital Management Inc. KS boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 24.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 62,796 shares of the company’s stock after acquiring an additional 12,190 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Mondelez International were worth $3,751,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MDLZ. Venturi Wealth Management LLC increased its position in shares of Mondelez International by 1.4% in the fourth quarter. Venturi Wealth Management LLC now owns 17,640 shares of the company’s stock valued at $1,054,000 after buying an additional 244 shares in the last quarter. D.A. Davidson & CO. increased its position in shares of Mondelez International by 11.4% in the fourth quarter. D.A. Davidson & CO. now owns 59,901 shares of the company’s stock valued at $3,578,000 after buying an additional 6,154 shares in the last quarter. Citizens & Northern Corp boosted its stake in shares of Mondelez International by 3.7% during the fourth quarter. Citizens & Northern Corp now owns 32,205 shares of the company’s stock valued at $1,924,000 after acquiring an additional 1,143 shares during the last quarter. NTV Asset Management LLC boosted its stake in shares of Mondelez International by 4.8% during the fourth quarter. NTV Asset Management LLC now owns 4,628 shares of the company’s stock valued at $276,000 after acquiring an additional 212 shares during the last quarter. Finally, Sierra Ocean LLC acquired a new stake in shares of Mondelez International during the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ opened at $61.18 on Wednesday. The company has a market cap of $81.81 billion, a P/E ratio of 17.89, a PEG ratio of 4.04 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.42 and a current ratio of 0.68. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The business’s 50-day simple moving average is $58.95 and its 200 day simple moving average is $66.00.

Mondelez International (NASDAQ:MDLZ) last announced 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 net margin of 12.68% and a return on equity of 16.75%. On average, sell-side analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International announced that its board has initiated a stock repurchase program on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are 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 dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.07%. Mondelez International’s payout ratio is currently 54.97%.

Analysts Set New Price Targets

A number of analysts recently commented on MDLZ shares. Piper Sandler lowered 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 research note on Friday, January 31st. Redburn Atlantic started coverage on Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective on the stock. Barclays decreased their price objective on Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Wells Fargo & Company decreased their price target on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Finally, Citigroup decreased their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $69.74.

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.