Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,631 shares of the company’s stock after acquiring an additional 542 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Mondelez International were worth $993,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Truvestments Capital LLC bought a new position in Mondelez International during the 3rd quarter valued at $25,000. Prospera Private Wealth LLC acquired a new stake in Mondelez International during the third quarter valued at approximately $27,000. Richardson Financial Services Inc. lifted its holdings in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares during the last quarter. Highline Wealth Partners LLC bought a new position in Mondelez International during the third quarter worth $38,000. Finally, Hara Capital LLC bought a new position in shares of Mondelez International in the 3rd quarter worth about $45,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

MDLZ opened at $56.96 on Friday. Mondelez International, Inc. has a fifty-two week low of $55.97 and a fifty-two week high of $77.20. The firm has a market cap of $76.17 billion, a PE ratio of 20.20, a P/E/G ratio of 3.12 and a beta of 0.54. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The business has a fifty day simple moving average of $61.05 and a 200-day simple moving average of $67.06.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.85 by $0.14. The business had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 EPS. As a group, equities analysts predict that Mondelez International, Inc. will post 3.46 EPS for the current fiscal year.

Mondelez International declared that its board has approved a stock repurchase plan on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is 66.67%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MDLZ shares. Redburn Atlantic assumed coverage on Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective for the company. Piper Sandler cut their target price on Mondelez International from $84.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Evercore ISI increased their price target on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Citigroup cut their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $61.00 target price (down previously from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $73.81.

About Mondelez International

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.