Mondelez International, Inc. (NASDAQ:MDLZ) Holdings Lifted by Private Advisor Group LLC

Private Advisor Group LLC grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,672 shares of the company’s stock after buying an additional 2,985 shares during the period. Private Advisor Group LLC’s holdings in Mondelez International were worth $3,923,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Truvestments Capital LLC bought a new stake in Mondelez International during the 3rd quarter valued at $25,000. Prospera Private Wealth LLC acquired a new position in shares of Mondelez International during the third quarter valued at $27,000. Hager Investment Management Services LLC acquired a new position in shares of Mondelez International during the fourth quarter valued at $27,000. Richardson Financial Services Inc. raised its stake in shares of Mondelez International by 100.0% during the third 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. acquired a new stake in Mondelez International in the fourth quarter worth about $32,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on MDLZ. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and lowered their target price for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. The Goldman Sachs Group dropped their target price on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Dbs Bank lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. Wells Fargo & Company dropped their price objective on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Finally, 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, February 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $69.74.

Mondelez International Trading Up 4.1 %

NASDAQ MDLZ opened at $64.70 on Monday. The firm’s 50 day moving average price is $58.98 and its two-hundred day moving average price is $65.87. The stock has a market cap of $83.69 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 4.34 and a beta of 0.54. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. 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 (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Equities analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International announced that its Board of Directors has approved a stock buyback plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

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.