Atria Wealth Solutions Inc. Grows Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Atria Wealth Solutions Inc. boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 10.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 90,157 shares of the company’s stock after purchasing an additional 8,315 shares during the period. Atria Wealth Solutions Inc.’s holdings in Mondelez International were worth $5,414,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several equities analysts have recently commented on MDLZ shares. Piper Sandler downgraded Mondelez International from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $70.00 to $63.00 in a research report on Friday, January 31st. UBS Group dropped their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Royal Bank of Canada decreased their price objective on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. DZ Bank downgraded Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective on the stock. in a research report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.74.

Mondelez International Stock Up 1.3 %

Shares of NASDAQ:MDLZ opened at $61.96 on Thursday. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock has a market cap of $80.14 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 4.24 and a beta of 0.54. The business’s 50 day moving average is $58.93 and its 200 day moving average is $65.97. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results 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 net margin of 12.68% and a return on equity of 16.75%. Sell-side analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a $0.47 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.03%. Mondelez International’s payout ratio is 54.97%.

Mondelez International declared that its Board of Directors has initiated a share buyback 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 generally a sign that the company’s board of directors believes its stock is undervalued.

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.