Thurston Springer Miller Herd & Titak Inc. Buys 9,567 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Thurston Springer Miller Herd & Titak Inc. grew its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 35.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,242 shares of the company’s stock after purchasing an additional 9,567 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Mondelez International were worth $2,165,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Truvestments Capital LLC bought a new position in shares of Mondelez International in the third quarter valued at approximately $25,000. Prospera Private Wealth LLC purchased a new stake in shares of Mondelez International during the third quarter valued at approximately $27,000. Richardson Financial Services Inc. increased its position in shares of Mondelez International by 100.0% during 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 during the last quarter. Highline Wealth Partners LLC purchased a new stake in shares of Mondelez International during the third quarter valued at approximately $38,000. Finally, Hara Capital LLC purchased a new stake in shares of Mondelez International during the third quarter valued at approximately $45,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $57.10 on Wednesday. The stock has a market cap of $76.35 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 2.80 and a beta of 0.54. Mondelez International, Inc. has a fifty-two week low of $55.97 and a fifty-two week high of $77.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The stock has a fifty day moving average of $62.11 and a 200-day moving average of $67.44.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.14. The company had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company earned $0.82 earnings per share. Equities research analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International announced that its board has initiated a stock buyback plan on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to buy up to 10.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio is 66.67%.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of a number of research analyst reports. Redburn Atlantic initiated coverage on Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. 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 Mondelez International from a “buy” rating to a “hold” rating and decreased their target price for the stock from $78.00 to $67.00 in a research report on Thursday, December 12th. Bank of America raised their target price on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, The Goldman Sachs Group decreased their target price on Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $76.79.

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.