Leo Wealth LLC Grows Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Leo Wealth LLC boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 14.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,548 shares of the company’s stock after buying an additional 1,195 shares during the period. Leo Wealth LLC’s holdings in Mondelez International were worth $570,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of MDLZ. Mizuho Securities USA LLC raised its stake in shares of Mondelez International by 12,057.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after acquiring an additional 12,470,573 shares during the period. Ilex Capital Partners UK LLP acquired a new stake in Mondelez International in the 3rd quarter valued at approximately $219,045,000. FMR LLC raised its position in Mondelez International by 14.2% in the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after purchasing an additional 2,268,639 shares during the period. Holocene Advisors LP acquired a new position in Mondelez International during the third quarter worth $159,823,000. Finally, National Bank of Canada FI boosted its position in shares of Mondelez International by 173.7% during the third quarter. National Bank of Canada FI now owns 3,049,440 shares of the company’s stock worth $224,652,000 after buying an additional 1,935,356 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Up 1.1 %

MDLZ stock opened at $58.45 on Friday. 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, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company’s 50 day moving average is $59.47 and its two-hundred day moving average is $66.41. The stock has a market cap of $78.16 billion, a P/E ratio of 20.73, a PEG ratio of 3.12 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results 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 10.58% and a return on equity of 17.53%. Research analysts expect that Mondelez International, Inc. will post 3.44 earnings per share for the current fiscal year.

Mondelez International declared that its board has approved a stock repurchase 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 shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Mondelez International Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MDLZ shares. Redburn Atlantic assumed coverage on Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price on the stock. Bank of America raised their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. Stifel Nicolaus decreased their price target on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Finally, Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and cut their price objective for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Mondelez International has an average rating of “Moderate Buy” and a consensus target price of $69.72.

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.