MRA Advisory Group Grows Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

MRA Advisory Group boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 40.3% in the fourth quarter, HoldingsChannel reports. The fund owned 7,808 shares of the company’s stock after acquiring an additional 2,242 shares during the period. MRA Advisory Group’s holdings in Mondelez International were worth $466,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Legacy Private Trust Co. raised its position in shares of Mondelez International by 33.2% in the 4th quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock worth $229,000 after purchasing an additional 957 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in Mondelez International by 1,904.9% in the third quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company’s stock worth $31,369,000 after buying an additional 404,567 shares during the last quarter. Kingsview Wealth Management LLC lifted its stake in shares of Mondelez International by 14.3% in the third quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock worth $8,430,000 after buying an additional 14,278 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Mondelez International by 11.6% during the third quarter. Daiwa Securities Group Inc. now owns 249,067 shares of the company’s stock valued at $18,349,000 after buying an additional 25,833 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Mondelez International by 5.6% during the third quarter. Principal Financial Group Inc. now owns 1,567,067 shares of the company’s stock valued at $115,446,000 after acquiring an additional 82,742 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $56.17 on Tuesday. The stock has a 50-day simple moving average of $62.34 and a two-hundred day simple moving average of $67.50. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. Mondelez International, Inc. has a 52-week low of $55.97 and a 52-week high of $77.20. The firm has a market capitalization of $75.11 billion, a PE ratio of 19.92, a P/E/G ratio of 2.80 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. During the same period in the prior year, the firm posted $0.82 EPS. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. Analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is 66.67%.

Mondelez International announced that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Evercore ISI upped their price objective on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Bank of America increased their price objective on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Citigroup decreased their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and dropped their price target for the company from $78.00 to $67.00 in a report on Thursday, December 12th. Finally, Piper Sandler boosted their price objective on shares of Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $77.64.

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.