Strategic Financial Concepts LLC Purchases New Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Strategic Financial Concepts LLC purchased a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 28,167 shares of the company’s stock, valued at approximately $1,682,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Czech National Bank increased its position in shares of Mondelez International by 6.5% during the fourth quarter. Czech National Bank now owns 289,931 shares of the company’s stock valued at $17,318,000 after acquiring an additional 17,815 shares in the last quarter. Legacy Private Trust Co. increased its position in shares of Mondelez International by 33.2% during the fourth quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock valued at $229,000 after acquiring an additional 957 shares in the last quarter. Kennedy Investment Group bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $313,000. Benjamin Edwards Inc. increased its position in shares of Mondelez International by 1,904.9% during the third quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company’s stock valued at $31,369,000 after acquiring an additional 404,567 shares in the last quarter. Finally, Kingsview Wealth Management LLC grew its position in Mondelez International by 14.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock worth $8,430,000 after purchasing an additional 14,278 shares during the period. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 0.1 %

NASDAQ:MDLZ opened at $58.53 on Tuesday. The company’s fifty day moving average price is $59.34 and its 200-day moving average price is $66.35. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The firm has a market capitalization of $78.27 billion, a P/E ratio of 17.11, a PEG ratio of 4.04 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.42.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.21%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s payout ratio is 54.97%.

Mondelez International declared that its board has authorized a stock buyback program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MDLZ. DZ Bank downgraded shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price for the company. in a research report on Friday. Wells Fargo & Company cut their target price on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. UBS Group cut their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and cut their target price for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. Finally, Bank of America lifted their target price 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.72.

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.