Naples Global Advisors LLC Buys 348 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Naples Global Advisors LLC increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 9.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,862 shares of the company’s stock after purchasing an additional 348 shares during the quarter. Naples Global Advisors LLC’s holdings in Mondelez International were worth $232,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Truvestments Capital LLC bought a new position in shares of Mondelez International during the 3rd quarter valued at approximately $25,000. Prospera Private Wealth LLC bought a new position in shares of Mondelez International in the 3rd quarter worth $27,000. Hager Investment Management Services LLC bought a new position in shares of Mondelez International in the 4th quarter worth $27,000. Richardson Financial Services Inc. increased its position in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after buying an additional 200 shares in the last quarter. Finally, Highline Wealth Partners LLC acquired a new position in Mondelez International during the 3rd quarter valued at about $38,000. Institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on MDLZ shares. Royal Bank of Canada cut their price objective on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Dbs Bank downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. The Goldman Sachs Group lowered their price target on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Piper Sandler downgraded Mondelez International from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $70.00 to $63.00 in a research report on Friday, January 31st. Finally, Stifel Nicolaus lowered their price target on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.74.

Mondelez International Stock Down 0.6 %

MDLZ opened at $60.82 on Friday. The business’s 50-day simple moving average is $59.02 and its 200-day simple moving average is $66.18. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.42 and a current ratio of 0.68. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The stock has a market capitalization of $81.33 billion, a P/E ratio of 17.78, a price-to-earnings-growth ratio of 4.04 and a beta of 0.54.

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

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.09%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Mondelez International declared that its Board of Directors has initiated a stock 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 buy up to 10.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

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.