HUB Investment Partners LLC Has $1.22 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

HUB Investment Partners LLC lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 14.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,435 shares of the company’s stock after buying an additional 2,515 shares during the period. HUB Investment Partners LLC’s holdings in Mondelez International were worth $1,221,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Whittier Trust Co. boosted its position in shares of Mondelez International by 20.1% during the fourth quarter. Whittier Trust Co. now owns 360,936 shares of the company’s stock worth $21,555,000 after buying an additional 60,473 shares during the period. Northwest & Ethical Investments L.P. boosted its position in shares of Mondelez International by 238.1% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 85,936 shares of the company’s stock worth $5,133,000 after buying an additional 60,522 shares during the period. iA Global Asset Management Inc. boosted its position in shares of Mondelez International by 1.8% during the fourth quarter. iA Global Asset Management Inc. now owns 178,937 shares of the company’s stock worth $10,688,000 after buying an additional 3,111 shares during the period. Magnetar Financial LLC boosted its position in shares of Mondelez International by 355.3% during the fourth quarter. Magnetar Financial LLC now owns 70,307 shares of the company’s stock worth $4,199,000 after buying an additional 54,864 shares during the period. Finally, Teacher Retirement System of Texas boosted its position in shares of Mondelez International by 129.6% during the fourth quarter. Teacher Retirement System of Texas now owns 358,686 shares of the company’s stock worth $21,424,000 after buying an additional 202,443 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $63.95 on Friday. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The stock’s 50 day moving average price is $61.18 and its two-hundred day moving average price is $65.23. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $82.72 billion, a price-to-earnings ratio of 18.70, a P/E/G ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ) last posted 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, analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International declared that its board has approved a stock repurchase plan 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 shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. Argus lowered Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Wells Fargo & Company dropped their target price on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Piper Sandler lowered Mondelez International from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $70.00 to $63.00 in a report on Friday, January 31st. Finally, Dbs Bank lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.74.

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.