Broadway Wealth Solutions Inc. Makes New $292,000 Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

Broadway Wealth Solutions Inc. purchased a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,896 shares of the company's stock, valued at approximately $292,000.

Other large investors have also recently made changes to their positions in the company. Truvestments Capital LLC purchased a new stake in Mondelez International during the third quarter valued at about $25,000. Marshall Investment Management LLC bought a new stake in shares of Mondelez International in the 4th quarter valued at about $26,000. Hager Investment Management Services LLC purchased a new stake in Mondelez International during the 4th quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Mondelez International during the 4th quarter worth approximately $31,000. Finally, McClarren Financial Advisors Inc. purchased a new position in Mondelez International in the 4th quarter worth approximately $32,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MDLZ. 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 report on Thursday, February 6th. Citigroup decreased their price objective on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. UBS Group dropped their target price on shares of Mondelez International from $76.00 to $63.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. The Goldman Sachs Group reduced their price target on Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Finally, Piper Sandler increased their price objective on Mondelez International from $56.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, March 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $69.50.

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Mondelez International Stock Performance

Shares of MDLZ traded down $0.11 during trading hours on Tuesday, hitting $67.74. The stock had a trading volume of 2,388,638 shares, compared to its average volume of 10,649,635. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The stock has a fifty day moving average price of $62.45 and a 200 day moving average price of $64.70. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The firm has a market capitalization of $87.63 billion, a PE ratio of 19.80, a PEG ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued 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%. Analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Monday, March 31st. Mondelez International's dividend payout ratio (DPR) is 54.97%.

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

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.