TCW Group Inc. Acquires 465 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

TCW Group Inc. grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 97,369 shares of the company’s stock after acquiring an additional 465 shares during the quarter. TCW Group Inc.’s holdings in Mondelez International were worth $5,816,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Hazlett Burt & Watson Inc. raised its position in Mondelez International by 16.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock worth $78,000 after purchasing an additional 150 shares during the period. Canopy Partners LLC grew its stake in shares of Mondelez International by 1.2% during the third quarter. Canopy Partners LLC now owns 13,335 shares of the company’s stock valued at $982,000 after buying an additional 161 shares during the last quarter. Hardy Reed LLC increased its holdings in shares of Mondelez International by 1.4% in the third quarter. Hardy Reed LLC now owns 11,511 shares of the company’s stock worth $848,000 after buying an additional 161 shares during the period. Interchange Capital Partners LLC lifted its stake in shares of Mondelez International by 4.9% in the 3rd quarter. Interchange Capital Partners LLC now owns 3,490 shares of the company’s stock valued at $257,000 after acquiring an additional 163 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC boosted its holdings in Mondelez International by 2.2% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 7,641 shares of the company’s stock valued at $563,000 after acquiring an additional 163 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $64.70 on Monday. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The firm has a market capitalization of $83.69 billion, a P/E ratio of 18.92, a P/E/G ratio of 4.34 and a beta of 0.54. 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 business has a fifty day simple moving average of $58.98 and a two-hundred day simple moving average of $65.87.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International declared that its Board of Directors has initiated a share buyback plan on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.91%. Mondelez International’s payout ratio is currently 54.97%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Piper Sandler cut Mondelez International from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $70.00 to $63.00 in a research note on Friday, January 31st. UBS Group decreased their target price 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. Stifel Nicolaus dropped their price target on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Citigroup decreased their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada dropped their target price on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus 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.