Integrated Investment Consultants LLC purchased a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 12,548 shares of the company's stock, valued at approximately $749,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. Truvestments Capital LLC bought a new position in shares of Mondelez International in the third quarter valued at approximately $25,000. Prospera Private Wealth LLC purchased a new position in shares of Mondelez International during the 3rd quarter valued at $27,000. Richardson Financial Services Inc. increased its holdings 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 purchasing an additional 200 shares during the period. Highline Wealth Partners LLC purchased a new stake in shares of Mondelez International in the third quarter worth $38,000. Finally, Hara Capital LLC bought a new stake in Mondelez International during the third quarter valued at $45,000. 78.32% of the stock is owned by institutional investors.
Mondelez International Trading Down 0.2 %
Shares of Mondelez International stock traded down $0.14 on Friday, hitting $57.86. The stock had a trading volume of 12,663,200 shares, compared to its average volume of 8,683,674. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a one year low of $55.97 and a one year high of $77.20. The stock's 50-day simple moving average is $61.76 and its two-hundred day simple moving average is $67.30. The stock has a market cap of $77.37 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 2.99 and a beta of 0.54.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.14. The business had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company's revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.82 EPS. As a group, sell-side analysts predict that Mondelez International, Inc. will post 3.48 EPS for the current year.
Mondelez International announced that its Board of Directors has authorized a share buyback program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board believes its shares are undervalued.
Mondelez International Announces Dividend
The firm 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 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date was Tuesday, December 31st. Mondelez International's payout ratio is 66.67%.
Wall Street Analysts Forecast Growth
MDLZ has been the topic of a number of research analyst reports. Redburn Atlantic began coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a "buy" rating and a $82.00 target price on the stock. The Goldman Sachs Group decreased their price objective on shares of Mondelez International from $79.00 to $68.00 and set a "buy" rating on the stock in a research report on Tuesday. 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 research report on Thursday. Citigroup cut their price target on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Finally, Piper Sandler lowered their price objective on shares of Mondelez International from $84.00 to $70.00 and set an "overweight" rating on the stock in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $74.93.
Read Our Latest Stock Report on MDLZ
About Mondelez International
(
Free Report)
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.
See Also
Before you consider Mondelez International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mondelez International wasn't on the list.
While Mondelez International currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.