Proficio Capital Partners LLC Takes Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Proficio Capital Partners LLC purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 168,823 shares of the company's stock, valued at approximately $10,084,000.

Several other hedge funds have also modified their holdings of the business. Chicago Partners Investment Group LLC grew its position in Mondelez International by 32.5% during the third quarter. Chicago Partners Investment Group LLC now owns 7,376 shares of the company's stock worth $520,000 after buying an additional 1,810 shares during the period. Argonautica Private Wealth Management Inc. increased its stake in Mondelez International by 1.1% in the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 42,223 shares of the company's stock valued at $3,111,000 after purchasing an additional 448 shares in the last quarter. Arcadia Investment Management Corp MI raised its holdings in Mondelez International by 2.1% during the third quarter. Arcadia Investment Management Corp MI now owns 64,664 shares of the company's stock worth $4,764,000 after purchasing an additional 1,314 shares during the last quarter. Blue Square Asset Management LLC raised its holdings in Mondelez International by 2.3% during the third quarter. Blue Square Asset Management LLC now owns 21,144 shares of the company's stock worth $1,558,000 after purchasing an additional 468 shares during the last quarter. Finally, Citizens National Bank Trust Department boosted its position in Mondelez International by 0.5% during the third quarter. Citizens National Bank Trust Department now owns 33,415 shares of the company's stock worth $2,462,000 after purchasing an additional 165 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Trading Up 1.5 %

Shares of MDLZ traded up $1.01 during mid-day trading on Wednesday, hitting $66.30. The company had a trading volume of 9,321,280 shares, compared to its average volume of 7,401,826. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The business's 50-day simple moving average is $59.64 and its 200-day simple moving average is $65.61. The stock has a market cap of $85.76 billion, a PE ratio of 19.39, a P/E/G ratio of 4.34 and a beta of 0.54. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share 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%. Sell-side analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

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

Mondelez International Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.84%. Mondelez International's dividend payout ratio is presently 54.97%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MDLZ shares. UBS Group cut their price target on Mondelez International from $76.00 to $63.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Dbs Bank downgraded shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. Argus lowered shares of Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Wells Fargo & Company cut their price objective on Mondelez International from $61.00 to $54.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Finally, DZ Bank cut Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 target price on the stock. in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.