PFW Advisors LLC Makes New Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

PFW Advisors LLC bought a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 30,051 shares of the company's stock, valued at approximately $1,795,000.

A number of other hedge funds have also recently modified their holdings of the business. Legacy Private Trust Co. lifted its holdings in Mondelez International by 33.2% during the 4th quarter. Legacy Private Trust Co. now owns 3,841 shares of the company's stock valued at $229,000 after buying an additional 957 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in Mondelez International by 1,904.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company's stock worth $31,369,000 after purchasing an additional 404,567 shares during the period. Kingsview Wealth Management LLC raised its position in Mondelez International by 14.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company's stock valued at $8,430,000 after purchasing an additional 14,278 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Mondelez International by 11.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 249,067 shares of the company's stock worth $18,349,000 after buying an additional 25,833 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Mondelez International by 5.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,567,067 shares of the company's stock worth $115,446,000 after buying an additional 82,742 shares in the last quarter. Institutional investors own 78.32% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MDLZ. Redburn Atlantic started coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They set a "buy" rating and a $82.00 price objective on the stock. Piper Sandler boosted their target price on shares of Mondelez International from $74.00 to $84.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. Wells Fargo & Company restated an "equal weight" rating and issued a $61.00 price target (down from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lowered shares of Mondelez International from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $78.00 to $67.00 in a research note on Thursday, December 12th. Finally, Stifel Nicolaus raised their target price on shares of Mondelez International from $75.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $77.64.

Mondelez International Stock Performance

MDLZ traded down $0.08 during trading on Monday, reaching $56.17. 17,171,885 shares of the company's stock were exchanged, compared to its average volume of 10,134,207. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. Mondelez International, Inc. has a 1 year low of $55.97 and a 1 year high of $77.20. The company's fifty day simple moving average is $62.59 and its 200-day simple moving average is $67.57. The stock has a market capitalization of $75.11 billion, a P/E ratio of 19.92, a price-to-earnings-growth ratio of 2.80 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm had revenue of $9.20 billion during the quarter, compared to analysts' expectations of $9.11 billion. During the same quarter last year, the company posted $0.82 earnings per share. The firm's revenue was up 1.9% compared to the same quarter last year. As a group, research analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.35%. The ex-dividend date is Tuesday, December 31st. Mondelez International's dividend payout ratio (DPR) is 66.67%.

Mondelez International announced that its board has approved a stock buyback program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management 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.

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