Telos Capital Management Inc. Acquires 365 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Telos Capital Management Inc. grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,516 shares of the company’s stock after acquiring an additional 365 shares during the period. Telos Capital Management Inc.’s holdings in Mondelez International were worth $270,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MDLZ. Truvestments Capital LLC bought a new position in Mondelez International during the 3rd quarter worth $25,000. Prospera Private Wealth LLC acquired a new stake in shares of Mondelez International in the third quarter valued at about $27,000. Richardson Financial Services Inc. raised 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 worth $28,000 after acquiring an additional 200 shares during the last quarter. Hager Investment Management Services LLC acquired a new position in shares of Mondelez International in the fourth quarter worth approximately $27,000. Finally, Highline Wealth Partners LLC bought a new stake in Mondelez International in the third quarter valued at approximately $38,000. Institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

MDLZ has been the subject of several analyst reports. Redburn Atlantic assumed coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. Barclays dropped their target price on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday. DZ Bank downgraded Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target for the company. in a report on Friday. Piper Sandler lowered Mondelez International from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $70.00 to $63.00 in a research report on Friday, January 31st. Finally, Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and cut their target price for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.72.

Mondelez International Price Performance

Shares of MDLZ opened at $58.45 on Friday. The business’s fifty day moving average is $59.47 and its 200 day moving average is $66.41. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The stock has a market cap of $78.16 billion, a P/E ratio of 20.73, a P/E/G ratio of 3.12 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. Sell-side analysts anticipate that Mondelez International, Inc. will post 3.44 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 3.22%. Mondelez International’s dividend payout ratio (DPR) is currently 66.67%.

Mondelez International declared that its board has authorized a share buyback plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are 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.