Oregon Pacific Wealth Management LLC Makes New Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

Oregon Pacific Wealth Management LLC acquired a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,293 shares of the company’s stock, valued at approximately $376,000.

Several other large investors have also modified their holdings of MDLZ. Czech National Bank boosted its position in shares of Mondelez International by 6.5% in the 4th quarter. Czech National Bank now owns 289,931 shares of the company’s stock valued at $17,318,000 after purchasing an additional 17,815 shares during the period. Legacy Private Trust Co. boosted its holdings in shares of Mondelez International by 33.2% in the fourth quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock worth $229,000 after buying an additional 957 shares during the period. Kennedy Investment Group purchased a new position in shares of Mondelez International in the fourth quarter worth approximately $313,000. Benjamin Edwards Inc. increased its position in shares of 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 acquiring an additional 404,567 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its holdings in shares of Mondelez International by 14.3% during the third quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock valued at $8,430,000 after acquiring an additional 14,278 shares during the period. 78.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Bank of America lifted their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. The Goldman Sachs Group lowered their price target on Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Redburn Atlantic started coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective for the company. Citigroup reduced their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Finally, Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and lowered their price objective for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average target price of $72.76.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $57.99 on Monday. The business’s 50-day simple moving average is $60.09 and its 200-day simple moving average is $66.67. 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 cap of $77.54 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 3.12 and a beta of 0.54.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s payout ratio is 66.67%.

Mondelez International declared that its Board of Directors has approved a stock repurchase program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits 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 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.