Amundi Acquires 478,225 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Amundi grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 20.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,856,534 shares of the company’s stock after buying an additional 478,225 shares during the quarter. Amundi’s holdings in Mondelez International were worth $166,507,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MDLZ. Truvestments Capital LLC bought a new position in Mondelez International in the third quarter worth about $25,000. Marshall Investment Management LLC purchased a new stake in shares of Mondelez International in the 4th quarter worth approximately $26,000. Prospera Private Wealth LLC bought a new position in Mondelez International during the 3rd quarter valued at approximately $27,000. Hager Investment Management Services LLC purchased a new position in Mondelez International during the fourth quarter valued at $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Mondelez International in the fourth quarter worth $31,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $67.74 on Monday. The stock has a market cap of $87.62 billion, a P/E ratio of 19.81, a P/E/G ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The stock’s fifty day moving average is $60.06 and its 200 day moving average is $65.52. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data 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 return on equity of 16.75% and a net margin of 12.68%. Sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International declared that its Board of Directors has authorized a stock repurchase program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Mondelez International Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently commented on MDLZ. Piper Sandler downgraded shares of Mondelez International from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $70.00 to $63.00 in a research report on Friday, January 31st. Citigroup lowered their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. UBS Group cut their target price on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Wells Fargo & Company decreased their price target on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Finally, The Goldman Sachs Group dropped their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and a consensus target price of $69.74.

About Mondelez International

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.