Hemenway Trust Co LLC Purchases 207 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Hemenway Trust Co LLC raised its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,691 shares of the company’s stock after purchasing an additional 207 shares during the quarter. Hemenway Trust Co LLC’s holdings in Mondelez International were worth $340,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. United Bank increased its position in Mondelez International by 12.7% in the 3rd quarter. United Bank now owns 22,649 shares of the company’s stock valued at $1,669,000 after acquiring an additional 2,549 shares during the period. Janus Henderson Group PLC grew its stake in shares of Mondelez International by 6.4% in the third quarter. Janus Henderson Group PLC now owns 211,427 shares of the company’s stock worth $15,575,000 after purchasing an additional 12,697 shares during the last quarter. Royal London Asset Management Ltd. increased its holdings in Mondelez International by 2.6% in the third quarter. Royal London Asset Management Ltd. now owns 551,425 shares of the company’s stock valued at $40,623,000 after purchasing an additional 14,049 shares during the period. Stifel Financial Corp raised its position in Mondelez International by 15.2% during the 3rd quarter. Stifel Financial Corp now owns 1,144,202 shares of the company’s stock worth $84,294,000 after purchasing an additional 151,302 shares during the last quarter. Finally, Wallace Capital Management Inc. lifted its holdings in Mondelez International by 1.0% during the 3rd quarter. Wallace Capital Management Inc. now owns 37,368 shares of the company’s stock worth $2,753,000 after buying an additional 364 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Down 2.3 %

Mondelez International stock opened at $66.31 on Friday. The firm has a market capitalization of $85.77 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. The firm’s fifty day moving average price is $63.25 and its two-hundred day moving average price is $64.61. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. On average, equities research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International announced that its board has approved a share 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 shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors 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 annualized dividend and a dividend yield of 2.84%. Mondelez International’s payout ratio is 54.97%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on MDLZ shares. Citigroup lowered their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group lowered their price target on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, February 6th. DZ Bank lowered shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective on the stock. in a research note on Friday, February 7th. Royal Bank of Canada lowered their target price on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Finally, Piper Sandler boosted their target price on shares of Mondelez International from $56.00 to $59.00 and gave the company a “neutral” rating in a report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $70.20.

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.