Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Calamos Advisors LLC

Calamos Advisors LLC grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.1% during the fourth quarter, HoldingsChannel reports. The firm owned 539,663 shares of the company’s stock after purchasing 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 quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Truvestments Capital LLC purchased a new stake in Mondelez International during the third quarter valued at about $25,000. Prospera Private Wealth LLC acquired a new stake in Mondelez International during the 3rd quarter valued at approximately $27,000. Richardson Financial Services Inc. increased its stake in shares of Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares during the last quarter. Highline Wealth Partners LLC bought a new position in shares of Mondelez International during the third quarter worth about $38,000. Finally, Albion Financial Group UT bought a new stake in shares of Mondelez International in the 4th quarter valued at approximately $38,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 1.0 %

MDLZ opened at $57.41 on Tuesday. The company has a market capitalization of $76.77 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54. The business has a 50-day moving average of $60.09 and a 200-day moving average of $66.67. Mondelez International, Inc. has a fifty-two week low of $55.97 and a fifty-two week high of $76.69. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42.

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

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.27%. Mondelez International’s dividend payout ratio (DPR) is 66.67%.

Analysts Set New Price Targets

Several equities analysts have recently commented on MDLZ shares. The Goldman Sachs Group lowered their target price on Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft lowered their price target on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. Citigroup decreased their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Royal Bank of Canada restated an “outperform” rating and set a $75.00 price objective on shares of Mondelez International in a research report on Thursday, January 30th. Finally, Piper Sandler cut shares of 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. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and a consensus price target of $72.76.

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.