Partners in Financial Planning Buys Shares of 3,835 Mondelez International, Inc. (NASDAQ:MDLZ)

Partners in Financial Planning bought a new position in Mondelez International, Inc. (NASDAQ:MDLZ) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,835 shares of the company’s stock, valued at approximately $229,000.

Several other hedge funds have also modified their holdings of the company. Continuum Advisory LLC lifted its position in Mondelez International by 7.4% during the third quarter. Continuum Advisory LLC now owns 2,542 shares of the company’s stock valued at $187,000 after acquiring an additional 175 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of Mondelez International by 1.8% during the fourth quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company’s stock worth $627,000 after purchasing an additional 181 shares in the last quarter. Traphagen Investment Advisors LLC increased its position in shares of Mondelez International by 0.8% during the fourth quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company’s stock worth $1,411,000 after purchasing an additional 187 shares in the last quarter. Core Alternative Capital lifted its holdings in shares of Mondelez International by 1.7% during the 4th quarter. Core Alternative Capital now owns 11,448 shares of the company’s stock valued at $684,000 after purchasing an additional 187 shares during the last quarter. Finally, Waldron Private Wealth LLC boosted its position in shares of Mondelez International by 1.0% in the 4th quarter. Waldron Private Wealth LLC now owns 19,496 shares of the company’s stock worth $1,164,000 after purchasing an additional 191 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Trading Up 0.3 %

Mondelez International stock opened at $67.72 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The firm has a market cap of $87.60 billion, a PE ratio of 19.80, a P/E/G ratio of 4.34 and a beta of 0.50. The stock’s 50 day simple moving average is $62.25 and its two-hundred day simple moving average is $64.75. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06.

Mondelez International (NASDAQ:MDLZ) last announced 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%. Analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.78%. Mondelez International’s payout ratio is 54.97%.

Mondelez International announced that its Board of Directors has approved a stock repurchase plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MDLZ. Deutsche Bank Aktiengesellschaft reduced their target price 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. The Goldman Sachs Group cut their price objective on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Stifel Nicolaus lowered their target price on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Royal Bank of Canada dropped their target price on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Finally, Dbs Bank cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target of $69.50.

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.