Atria Wealth Solutions Inc. Has $5.41 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Atria Wealth Solutions Inc. increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 10.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,157 shares of the company's stock after purchasing an additional 8,315 shares during the period. Atria Wealth Solutions Inc.'s holdings in Mondelez International were worth $5,414,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Truvestments Capital LLC purchased a new position in Mondelez International in the 3rd quarter valued at about $25,000. Prospera Private Wealth LLC purchased a new position in Mondelez International in the 3rd quarter valued at about $27,000. Richardson Financial Services Inc. boosted its position in Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company's stock valued at $28,000 after buying an additional 200 shares during the last quarter. Hager Investment Management Services LLC acquired a new stake in shares of Mondelez International in the 4th quarter valued at about $27,000. Finally, Highline Wealth Partners LLC acquired a new stake in shares of Mondelez International in the 3rd quarter valued at about $38,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Up 4.2 %

Shares of Mondelez International stock traded up $2.59 during midday trading on Friday, reaching $64.76. 8,183,317 shares of the company's stock traded hands, compared to its average volume of 10,876,629. The company has a market cap of $83.77 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 4.32 and a beta of 0.54. The company's 50 day simple moving average is $58.92 and its 200 day simple moving average is $65.94. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.90%. Mondelez International's payout ratio is presently 54.97%.

Mondelez International announced that its board has initiated a stock repurchase program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MDLZ shares. DZ Bank lowered shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 target price on the stock. in a research note on Friday, February 7th. Mizuho upped their target price on shares of Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, February 14th. Barclays cut their target price on shares of Mondelez International from $69.00 to $63.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating on the stock in a research note on Wednesday, January 22nd. Finally, Royal Bank of Canada cut their target price on shares of Mondelez International from $75.00 to $69.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average 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.