MONECO Advisors LLC Raises Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

MONECO Advisors LLC raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 16.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,585 shares of the company’s stock after purchasing an additional 662 shares during the quarter. MONECO Advisors LLC’s holdings in Mondelez International were worth $274,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Pavion Blue Capital LLC grew its stake in shares of Mondelez International by 2.9% during the 4th quarter. Pavion Blue Capital LLC now owns 90,221 shares of the company’s stock valued at $5,389,000 after purchasing an additional 2,582 shares during the period. Howard Capital Management Inc. grew its stake in shares of Mondelez International by 3.1% during the 4th quarter. Howard Capital Management Inc. now owns 38,838 shares of the company’s stock valued at $2,320,000 after purchasing an additional 1,162 shares during the period. Marshall Investment Management LLC bought a new stake in shares of Mondelez International during the 4th quarter valued at about $26,000. TCW Group Inc. grew its stake in shares of Mondelez International by 0.5% during the 4th quarter. TCW Group Inc. now owns 97,369 shares of the company’s stock valued at $5,816,000 after purchasing an additional 465 shares during the period. Finally, Fisher Funds Management LTD bought a new stake in shares of Mondelez International during the 4th quarter valued at about $12,491,000. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of a number of recent research reports. Barclays cut their price target on Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Piper Sandler downgraded Mondelez International from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $70.00 to $63.00 in a research note on Friday, January 31st. The Goldman Sachs Group cut their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Argus downgraded Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.74.

Mondelez International Stock Up 0.8 %

Shares of MDLZ opened at $65.88 on Wednesday. The stock has a market capitalization of $85.22 billion, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The business’s 50 day simple moving average is $59.15 and its 200-day simple moving average is $65.81. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data 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 return on equity of 16.75% and a net margin of 12.68%. As a group, equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.85%. Mondelez International’s dividend payout ratio (DPR) is 54.97%.

Mondelez International announced that its Board of Directors has initiated a stock 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 purchase up to 10.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors 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.