NTV Asset Management LLC Boosts Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

NTV Asset Management LLC grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,628 shares of the company’s stock after purchasing an additional 212 shares during the period. NTV Asset Management LLC’s holdings in Mondelez International were worth $276,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hazlett Burt & Watson Inc. raised its position in shares of Mondelez International by 16.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock valued at $78,000 after buying an additional 150 shares in the last quarter. Canopy Partners LLC increased its stake in Mondelez International by 1.2% in the third quarter. Canopy Partners LLC now owns 13,335 shares of the company’s stock valued at $982,000 after acquiring an additional 161 shares during the last quarter. Hardy Reed LLC increased its stake in Mondelez International by 1.4% in the third quarter. Hardy Reed LLC now owns 11,511 shares of the company’s stock valued at $848,000 after acquiring an additional 161 shares during the last quarter. Interchange Capital Partners LLC lifted its stake in Mondelez International by 4.9% during the third quarter. Interchange Capital Partners LLC now owns 3,490 shares of the company’s stock worth $257,000 after purchasing an additional 163 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC boosted its holdings in shares of Mondelez International by 2.2% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 7,641 shares of the company’s stock worth $563,000 after purchasing an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 0.6 %

Shares of Mondelez International stock opened at $60.82 on Tuesday. The company’s fifty day simple moving average is $58.98 and its two-hundred day simple moving average is $66.11. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a current ratio of 0.68, a quick ratio of 0.42 and a debt-to-equity ratio of 0.58. The company has a market cap of $81.33 billion, a P/E ratio of 17.78, a PEG ratio of 4.04 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders 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 dividend yield of 3.09%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is presently 54.97%.

Mondelez International declared that its board has initiated a share repurchase program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Piper Sandler downgraded Mondelez International from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $70.00 to $63.00 in a research report on Friday, January 31st. The Goldman Sachs Group cut their price objective on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Dbs Bank cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Wells Fargo & Company lowered their price target on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Finally, UBS Group reduced their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.74.

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.