Financial Perspectives Inc Has $46,000 Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Financial Perspectives Inc grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 53.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 768 shares of the company’s stock after purchasing an additional 269 shares during the period. Financial Perspectives Inc’s holdings in Mondelez International were worth $46,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Truvestments Capital LLC bought a new stake in Mondelez International during the 3rd quarter worth about $25,000. Prospera Private Wealth LLC acquired a new stake in shares of Mondelez International in the third quarter valued at about $27,000. Richardson Financial Services Inc. raised its holdings in Mondelez International by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after acquiring an additional 200 shares in the last quarter. Hager Investment Management Services LLC acquired a new position in Mondelez International during the fourth quarter valued at approximately $27,000. Finally, Highline Wealth Partners LLC bought a new position in Mondelez International in the third quarter valued at approximately $38,000. Institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

MDLZ has been the subject of several recent analyst reports. 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 report on Wednesday, February 5th. Citigroup decreased their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. DZ Bank lowered shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective on the stock. in a research note on Friday, February 7th. Piper Sandler cut Mondelez International from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $70.00 to $63.00 in a report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $69.74.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $61.96 on Thursday. The company has a 50-day simple moving average of $58.93 and a two-hundred day simple moving average of $65.97. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The stock has a market capitalization of $80.14 billion, a price-to-earnings ratio of 18.12, a price-to-earnings-growth ratio of 4.24 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) last issued its quarterly earnings results 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 net margin of 12.68% and a return on equity of 16.75%. Analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current 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 paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Mondelez International declared that its board has approved 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 purchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

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.