Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Mitchell & Pahl Private Wealth LLC

Mitchell & Pahl Private Wealth LLC boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,810 shares of the company’s stock after buying an additional 2,643 shares during the quarter. Mondelez International accounts for approximately 1.2% of Mitchell & Pahl Private Wealth LLC’s portfolio, making the stock its 28th largest holding. Mitchell & Pahl Private Wealth LLC’s holdings in Mondelez International were worth $2,497,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new position in shares of Mondelez International in the third quarter valued at $25,000. Prospera Private Wealth LLC acquired a new stake in Mondelez International in the 3rd quarter valued at about $27,000. Richardson Financial Services Inc. grew its stake in Mondelez International by 100.0% in the 3rd 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 position in Mondelez International during the 3rd quarter valued at about $38,000. Finally, Hara Capital LLC acquired a new position in Mondelez International during the third quarter worth about $45,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on MDLZ shares. Deutsche Bank Aktiengesellschaft lowered shares of Mondelez International from a “buy” rating to a “hold” rating and lowered their price target for the company from $78.00 to $67.00 in a research report on Thursday, December 12th. Bank of America raised their price target on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Wells Fargo & Company reissued an “equal weight” rating and issued a $61.00 price target (down from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. Evercore ISI increased their price objective on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Finally, Redburn Atlantic assumed coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price for the company. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $74.93.

Mondelez International Trading Down 0.2 %

Shares of MDLZ stock opened at $57.86 on Tuesday. The firm’s 50-day simple moving average is $61.59 and its 200-day simple moving average is $67.26. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. Mondelez International, Inc. has a 1-year low of $55.97 and a 1-year high of $77.20. The firm has a market cap of $77.37 billion, a P/E ratio of 20.52, a PEG ratio of 3.12 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $9.11 billion. During the same quarter last year, the firm posted $0.82 earnings per share. Mondelez International’s revenue was up 1.9% on a year-over-year basis. As a group, equities analysts forecast that Mondelez International, Inc. will post 3.47 EPS for the current year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s payout ratio is currently 66.67%.

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

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.