Bleakley Financial Group LLC Has $1.58 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Bleakley Financial Group LLC reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 26,416 shares of the company’s stock after selling 2,280 shares during the period. Bleakley Financial Group LLC’s holdings in Mondelez International were worth $1,578,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Trilogy Capital Inc. lifted its position in Mondelez International by 10.9% in the 4th quarter. Trilogy Capital Inc. now owns 4,441 shares of the company’s stock valued at $265,000 after acquiring an additional 436 shares in the last quarter. Meadow Creek Wealth Advisors LLC raised its stake in shares of Mondelez International by 15.3% in the 4th quarter. Meadow Creek Wealth Advisors LLC now owns 3,906 shares of the company’s stock valued at $233,000 after purchasing an additional 519 shares during the period. Tyche Wealth Partners LLC lifted its holdings in shares of Mondelez International by 111.2% in the fourth quarter. Tyche Wealth Partners LLC now owns 16,155 shares of the company’s stock valued at $965,000 after purchasing an additional 8,506 shares in the last quarter. Choreo LLC lifted its holdings in shares of Mondelez International by 74.6% in the fourth quarter. Choreo LLC now owns 79,328 shares of the company’s stock valued at $4,735,000 after purchasing an additional 33,896 shares in the last quarter. Finally, Money Concepts Capital Corp boosted its position in shares of Mondelez International by 2.3% during the fourth quarter. Money Concepts Capital Corp now owns 38,764 shares of the company’s stock worth $2,315,000 after buying an additional 865 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on MDLZ shares. UBS Group cut their target price on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Stifel Nicolaus cut their price objective on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. DZ Bank downgraded shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price for the company. in a research report on Friday. Royal Bank of Canada cut their price target on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Piper Sandler downgraded shares of Mondelez International from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $70.00 to $63.00 in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $69.72.

Mondelez International Stock Up 1.1 %

MDLZ opened at $58.45 on Friday. The stock’s fifty day simple moving average is $59.47 and its 200 day simple moving average is $66.41. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The stock has a market cap of $78.16 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. As a group, research analysts expect that Mondelez International, Inc. will post 3.44 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio is presently 66.67%.

Mondelez International declared that its Board of Directors has authorized a share buyback program on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to buy up to 10.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Mondelez International 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.