Wallace Advisory Group LLC Invests $346,000 in Mondelez International, Inc. (NASDAQ:MDLZ)

Wallace Advisory Group LLC acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,787 shares of the company’s stock, valued at approximately $346,000.

A number of other large investors also recently bought and sold shares of MDLZ. Wealthspire Advisors LLC grew its holdings in shares of Mondelez International by 14.0% in the second quarter. Wealthspire Advisors LLC now owns 18,116 shares of the company’s stock valued at $1,185,000 after purchasing an additional 2,222 shares in the last quarter. Fairfield Financial Advisors LTD purchased a new position in Mondelez International in the 2nd quarter valued at approximately $46,000. Capital Wealth Planning LLC grew its stake in shares of Mondelez International by 6.7% in the second quarter. Capital Wealth Planning LLC now owns 9,550 shares of the company’s stock worth $625,000 after acquiring an additional 600 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Mondelez International by 40.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock worth $1,094,557,000 after acquiring an additional 4,794,746 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Mondelez International by 13.6% in the second quarter. Dimensional Fund Advisors LP now owns 8,970,204 shares of the company’s stock valued at $587,094,000 after acquiring an additional 1,071,719 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on MDLZ shares. Piper Sandler upped their price target on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Evercore ISI raised their target price on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Wells Fargo & Company reiterated an “equal weight” rating and set a $61.00 price target (down previously from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. Citigroup reduced their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, Stifel Nicolaus boosted their target price on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.64.

Mondelez International Stock Down 0.1 %

MDLZ opened at $56.17 on Tuesday. Mondelez International, Inc. has a one year low of $55.97 and a one year high of $77.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. 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. The business’s 50-day simple moving average is $62.34 and its 200-day simple moving average is $67.50.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.85 by $0.14. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 earnings per share. Analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current year.

Mondelez International announced that its Board of Directors has approved a share repurchase plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Tuesday, December 31st. Mondelez International’s dividend payout ratio is currently 66.67%.

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.