Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by Addenda Capital Inc.

Addenda Capital Inc. grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 113,308 shares of the company’s stock after acquiring an additional 355 shares during the quarter. Addenda Capital Inc.’s holdings in Mondelez International were worth $6,813,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Sky Investment Group LLC boosted its stake in shares of Mondelez International by 11.6% during the 4th quarter. Sky Investment Group LLC now owns 47,291 shares of the company’s stock worth $2,825,000 after acquiring an additional 4,925 shares in the last quarter. Guinness Atkinson Asset Management Inc raised its holdings in shares of Mondelez International by 23.4% in the 4th quarter. Guinness Atkinson Asset Management Inc now owns 15,704 shares of the company’s stock worth $938,000 after buying an additional 2,977 shares in the last quarter. Guinness Asset Management LTD raised its holdings in shares of Mondelez International by 5.2% in the 4th quarter. Guinness Asset Management LTD now owns 3,065,411 shares of the company’s stock worth $183,062,000 after buying an additional 152,537 shares in the last quarter. Diversify Wealth Management LLC bought a new stake in Mondelez International during the 4th quarter worth approximately $229,000. Finally, Grove Bank & Trust boosted its position in Mondelez International by 2.5% in the 4th quarter. Grove Bank & Trust now owns 9,982 shares of the company’s stock valued at $596,000 after buying an additional 240 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several recent research reports. Stifel Nicolaus raised their price target on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Piper Sandler dropped their price target on shares of Mondelez International from $84.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Redburn Atlantic assumed coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective for the company. Bank of America upped their price target on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $61.00 price target (down previously from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $74.93.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $57.86 on Tuesday. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The company has a market cap of $77.37 billion, a P/E ratio of 20.52, a PEG ratio of 3.12 and a beta of 0.54. Mondelez International, Inc. has a 52 week low of $55.97 and a 52 week high of $77.20. The company has a 50-day moving average price of $61.59 and a 200 day moving average price of $67.26.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.14. The firm had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 EPS. Research analysts predict that Mondelez International, Inc. will post 3.47 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 3.25%. Mondelez International’s dividend payout ratio (DPR) is 66.67%.

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