Calamos Advisors LLC Acquires 613 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Calamos Advisors LLC raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.1% in the 4th quarter, HoldingsChannel reports. The fund owned 539,663 shares of the company’s stock after buying an additional 613 shares during the quarter. Calamos Advisors LLC’s holdings in Mondelez International were worth $32,234,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Czech National Bank grew its position in shares of Mondelez International by 6.5% during the 3rd quarter. Czech National Bank now owns 272,116 shares of the company’s stock worth $20,047,000 after buying an additional 16,507 shares during the period. GAMMA Investing LLC boosted its stake in Mondelez International by 48.1% during the 3rd quarter. GAMMA Investing LLC now owns 20,694 shares of the company’s stock worth $1,525,000 after acquiring an additional 6,719 shares during the last quarter. Azzad Asset Management Inc. ADV boosted its stake in Mondelez International by 1.6% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 74,572 shares of the company’s stock worth $5,494,000 after acquiring an additional 1,188 shares during the last quarter. Value Partners Investments Inc. acquired a new position in Mondelez International during the third quarter valued at approximately $4,233,000. Finally, Oak Asset Management LLC acquired a new stake in Mondelez International in the third quarter worth $237,000. 78.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on MDLZ. Piper Sandler lowered Mondelez International from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $70.00 to $63.00 in a report on Friday. The Goldman Sachs Group cut their price objective on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Stifel Nicolaus cut their price target on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Redburn Atlantic began coverage on Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective for the company. Finally, UBS Group decreased their price target on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and a consensus price target of $72.76.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $57.41 on Tuesday. Mondelez International, Inc. has a 52-week low of $55.97 and a 52-week high of $76.69. The firm has a 50-day moving average of $60.09 and a 200-day moving average of $66.67. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The stock has a market cap of $76.77 billion, a PE ratio of 20.36, a P/E/G ratio of 3.12 and a beta of 0.54.

Mondelez International Dividend Announcement

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. This represents a $1.88 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio is 66.67%.

Mondelez International announced that its board has authorized a stock repurchase program on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors 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.