Tyche Wealth Partners LLC Increases Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Tyche Wealth Partners LLC boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 111.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,155 shares of the company's stock after purchasing an additional 8,506 shares during the period. Tyche Wealth Partners LLC's holdings in Mondelez International were worth $965,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Axiom Advisory LLC raised its position in shares of Mondelez International by 1.6% in the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company's stock valued at $643,000 after buying an additional 143 shares in the last quarter. Hazlett Burt & Watson Inc. increased its stake in Mondelez International by 16.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company's stock worth $78,000 after acquiring an additional 150 shares during the period. Carnegie Investment Counsel raised its holdings in Mondelez International by 1.4% in the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company's stock valued at $811,000 after acquiring an additional 151 shares in the last quarter. SeaCrest Wealth Management LLC raised its holdings in Mondelez International by 1.3% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 12,130 shares of the company's stock valued at $894,000 after acquiring an additional 156 shares in the last quarter. Finally, Canopy Partners LLC lifted its position in shares of Mondelez International by 1.2% during the 3rd quarter. Canopy Partners LLC now owns 13,335 shares of the company's stock valued at $982,000 after acquiring an additional 161 shares during the period. Institutional investors own 78.32% of the company's stock.

Mondelez International Trading Up 1.1 %

MDLZ stock traded up $0.62 during midday trading on Friday, hitting $58.45. The stock had a trading volume of 15,972,763 shares, compared to its average volume of 11,229,455. The company has a current ratio of 0.68, a quick ratio of 0.42 and a debt-to-equity ratio of 0.58. The firm has a market cap of $78.16 billion, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 4.04 and a beta of 0.54. The business has a fifty day moving average price of $59.34 and a two-hundred day moving average price of $66.35. 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 announced 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 net margin of 12.68% and a return on equity of 16.75%. On average, sell-side analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International's payout ratio is 54.97%.

Mondelez International declared that its Board of Directors has initiated a share repurchase plan on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

MDLZ has been the subject of several recent analyst reports. DZ Bank cut Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 target price for the company. in a research note on Friday. Citigroup lowered their target price 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. UBS Group reduced their price target on shares of Mondelez International from $76.00 to $63.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Jefferies Financial Group lowered shares of Mondelez International from a "buy" rating to a "hold" rating and decreased their price target for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. Finally, Stifel Nicolaus lowered their price objective on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating for the company in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $69.72.

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.