27,941 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Acquired by MOKAN Wealth Management Inc.

MOKAN Wealth Management Inc. purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 27,941 shares of the company's stock, valued at approximately $1,669,000. Mondelez International comprises 1.1% of MOKAN Wealth Management Inc.'s holdings, making the stock its 29th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Strategic Financial Concepts LLC purchased a new stake in Mondelez International in the fourth quarter valued at about $1,682,000. Allworth Financial LP raised its stake in shares of Mondelez International by 4.4% in the fourth quarter. Allworth Financial LP now owns 288,259 shares of the company's stock worth $16,232,000 after purchasing an additional 12,080 shares during the last quarter. Principal Securities Inc. raised its stake in shares of Mondelez International by 12.3% in the fourth quarter. Principal Securities Inc. now owns 15,006 shares of the company's stock worth $896,000 after purchasing an additional 1,639 shares during the last quarter. Roxbury Financial LLC purchased a new position in shares of Mondelez International in the fourth quarter worth about $139,000. Finally, Manchester Capital Management LLC raised its stake in shares of Mondelez International by 2.5% in the fourth quarter. Manchester Capital Management LLC now owns 8,035 shares of the company's stock worth $480,000 after purchasing an additional 195 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Trading Up 0.4 %

Shares of NASDAQ MDLZ traded up $0.24 during trading on Thursday, reaching $62.17. The stock had a trading volume of 9,533,516 shares, compared to its average volume of 10,980,255. 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 0.48 and a current ratio of 0.68. The business's 50-day moving average price is $58.93 and its 200-day moving average price is $65.97. The company has a market cap of $80.42 billion, a P/E ratio of 18.18, a PEG ratio of 4.27 and a beta of 0.54.

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

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International's dividend payout ratio is presently 54.97%.

Mondelez International announced that its board has approved a stock buyback plan on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MDLZ shares. Citigroup reduced their price objective 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. Piper Sandler cut Mondelez International from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $70.00 to $63.00 in a research note on Friday, January 31st. Wells Fargo & Company reduced their price objective on Mondelez International from $61.00 to $54.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. Mizuho raised their target price on Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a report on Friday, February 14th. Finally, Dbs Bank lowered Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $69.74.

About Mondelez International

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.