Entropy Technologies LP Acquires Shares of 25,780 Mondelez International, Inc. (NASDAQ:MDLZ)

Entropy Technologies LP purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ) in the 4th quarter, Holdings Channel reports. The firm purchased 25,780 shares of the company’s stock, valued at approximately $1,540,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Truvestments Capital LLC bought a new position in shares of Mondelez International during the 3rd quarter valued at $25,000. Prospera Private Wealth LLC purchased a new stake in shares of Mondelez International in the third quarter worth $27,000. Hager Investment Management Services LLC purchased a new stake in Mondelez International in the 4th quarter worth $27,000. Richardson Financial Services Inc. grew its position in shares of Mondelez International by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares in the last quarter. Finally, Highline Wealth Partners LLC bought a new stake in shares of Mondelez International during the third quarter valued at approximately $38,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of MDLZ stock opened at $58.45 on Monday. The firm has a market capitalization of $78.16 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 4.04 and a beta of 0.54. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.42 and a current ratio of 0.68. The stock’s 50-day simple moving average is $59.34 and its 200-day simple moving average is $66.35.

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

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.22%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio is currently 54.97%.

Mondelez International announced that its Board of Directors has approved a share repurchase program on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. DZ Bank cut Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price on the stock. in a report on Friday. Piper Sandler downgraded shares of Mondelez International from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $70.00 to $63.00 in a research note on Friday, January 31st. The Goldman Sachs Group decreased their price target on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday. Redburn Atlantic began coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective for the company. Finally, UBS Group lowered their target price on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.72.

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.