Bank of Jackson Hole Trust Makes New Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

Bank of Jackson Hole Trust bought a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the fourth quarter, Holdings Channel reports. The fund bought 4,371 shares of the company’s stock, valued at approximately $261,000.

Other institutional investors also recently bought and sold shares of the company. Mizuho Securities USA LLC raised its stake in shares of Mondelez International by 12,057.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after acquiring an additional 12,470,573 shares during the period. Van ECK Associates Corp raised its stake in shares of Mondelez International by 2,560.0% in the 4th quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock valued at $203,749,000 after acquiring an additional 3,282,937 shares during the period. Ilex Capital Partners UK LLP purchased a new stake in shares of Mondelez International in the 3rd quarter valued at approximately $219,045,000. FMR LLC raised its stake in shares of Mondelez International by 14.2% in the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after acquiring an additional 2,268,639 shares during the period. Finally, Holocene Advisors LP purchased a new stake in shares of Mondelez International in the 3rd quarter valued at approximately $159,823,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Trading Up 0.6 %

NASDAQ MDLZ opened at $61.18 on Wednesday. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The stock has a market capitalization of $79.14 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 4.24 and a beta of 0.54. The firm has a 50 day moving average of $58.95 and a two-hundred day moving average of $66.00.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (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, research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International declared that its Board of Directors 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 buy up to 10.7% of its stock through open market purchases. Stock repurchase plans are often an indication 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. Stockholders of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.07%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MDLZ. Piper Sandler downgraded shares of Mondelez International from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $70.00 to $63.00 in a research note on Friday, January 31st. Redburn Atlantic began coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target on the stock. Citigroup reduced their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. DZ Bank cut shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective for the company. in a report on Friday, February 7th. Finally, Dbs Bank cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and a consensus target price of $69.74.

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.