Landscape Capital Management L.L.C. Buys Shares of 14,528 Mondelez International, Inc. (NASDAQ:MDLZ)

Landscape Capital Management L.L.C. purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 14,528 shares of the company’s stock, valued at approximately $868,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in MDLZ. Marshall Investment Management LLC bought a new position in Mondelez International in the 4th quarter valued at approximately $26,000. Hager Investment Management Services LLC bought a new position in shares of Mondelez International in the 4th quarter valued at $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Mondelez International during the 4th quarter valued at $31,000. Sierra Ocean LLC acquired a new stake in shares of Mondelez International during the 4th quarter valued at $32,000. Finally, McClarren Financial Advisors Inc. bought a new stake in Mondelez International during the 4th quarter worth $32,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Down 2.3 %

Shares of NASDAQ MDLZ opened at $66.31 on Friday. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. 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 cap of $85.77 billion, a PE ratio of 19.39, a P/E/G ratio of 4.34 and a beta of 0.47. The company’s fifty day simple moving average is $63.25 and its 200 day simple moving average is $64.54.

Mondelez International (NASDAQ:MDLZ) last issued 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%. As a group, sell-side analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International announced that its Board of Directors has approved a share buyback plan on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Mondelez International Announces Dividend

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 dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

Analysts Set New Price Targets

A number of brokerages have recently commented on MDLZ. Morgan Stanley initiated coverage on Mondelez International in a research note on Monday, March 24th. They set an “overweight” rating and a $69.00 price target on the stock. Mizuho boosted their target price on shares of Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and dropped their price target for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Piper Sandler boosted their price objective on shares of Mondelez International from $56.00 to $59.00 and gave the stock a “neutral” rating in a research note on Thursday, March 27th. Finally, Wells Fargo & Company raised their target price on Mondelez International from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company. According to 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.