PUREfi Wealth LLC acquired 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 Form 13F filing with the SEC. The institutional investor acquired 6,406 shares of the company's stock, valued at approximately $383,000.
Other institutional investors have also recently made changes to their positions in the company. Truvestments Capital LLC purchased a new position in shares of Mondelez International in the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC purchased a new stake in Mondelez International in the 3rd quarter valued at about $27,000. Hager Investment Management Services LLC bought a new position in Mondelez International in the 4th quarter worth about $27,000. Richardson Financial Services Inc. raised its position in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company's stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. Finally, McClarren Financial Advisors Inc. bought a new stake in shares of Mondelez International in the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 78.32% of the company's stock.
Analyst Upgrades and Downgrades
MDLZ has been the subject of several recent analyst reports. Wells Fargo & Company reduced their price objective on shares of 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. Stifel Nicolaus reduced their target price on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating for the company in a report on Friday, January 24th. Dbs Bank downgraded Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. Jefferies Financial Group cut Mondelez International from a "buy" rating to a "hold" rating and decreased their price objective for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. Finally, Piper Sandler downgraded Mondelez International from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $70.00 to $63.00 in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $69.74.
Get Our Latest Research Report on MDLZ
Mondelez International Price Performance
Shares of NASDAQ:MDLZ traded up $0.78 during midday trading on Wednesday, reaching $61.96. 7,671,179 shares of the company's stock traded hands, compared to its average volume of 11,025,266. The company has a market cap of $80.14 billion, a P/E ratio of 18.12, a PEG ratio of 4.24 and a beta of 0.54. The company has a fifty day simple moving average of $58.95 and a two-hundred day simple moving average of $66.00. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share (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%. Equities analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.
Mondelez International Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a $0.47 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.03%. Mondelez International's dividend payout ratio is presently 54.97%.
Mondelez International declared that its Board of Directors has approved a share repurchase program on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.
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.
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