Geode Capital Management LLC Boosts Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Geode Capital Management LLC grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,913,478 shares of the company’s stock after acquiring an additional 708,523 shares during the quarter. Geode Capital Management LLC owned about 2.16% of Mondelez International worth $1,721,954,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of MDLZ. Vanguard Group Inc. raised its holdings in Mondelez International by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company’s stock valued at $7,910,477,000 after buying an additional 931,776 shares during the period. State Street Corp increased its position in shares of Mondelez International by 3.2% in the third quarter. State Street Corp now owns 60,151,987 shares of the company’s stock worth $4,459,239,000 after acquiring an additional 1,851,247 shares in the last quarter. Norges Bank purchased a new position in shares of Mondelez International in the 4th quarter valued at $1,118,755,000. Bank of New York Mellon Corp lifted its holdings in shares of Mondelez International by 3.3% during the 4th quarter. Bank of New York Mellon Corp now owns 10,354,236 shares of the company’s stock valued at $618,458,000 after acquiring an additional 326,177 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in Mondelez International by 13.5% during the 4th quarter. Franklin Resources Inc. now owns 8,806,832 shares of the company’s stock worth $526,032,000 after purchasing an additional 1,049,498 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on MDLZ. The Goldman Sachs Group lowered their target price on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. UBS Group reduced their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft dropped their price objective on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Wednesday, January 22nd. Piper Sandler increased their target price on Mondelez International from $56.00 to $59.00 and gave the company a “neutral” rating in a research note on Thursday, March 27th. Finally, Argus downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $69.50.

Mondelez International Stock Down 0.3 %

Mondelez International stock opened at $67.65 on Wednesday. The firm has a market capitalization of $87.51 billion, a P/E ratio of 19.78, a P/E/G ratio of 4.34 and a beta of 0.50. The company has a 50-day simple moving average of $62.65 and a 200-day simple moving average of $64.65. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly 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%. As a group, equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.78%. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Mondelez International announced that its board has approved a share repurchase program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

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.