Atlas Legacy Advisors LLC Invests $256,000 in Mondelez International, Inc. (NASDAQ:MDLZ)

Atlas Legacy Advisors LLC acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,292 shares of the company’s stock, valued at approximately $256,000.

A number of other hedge funds have also modified their holdings of the business. Hazlett Burt & Watson Inc. increased its position in shares of Mondelez International by 16.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock worth $78,000 after purchasing an additional 150 shares during the last quarter. Canopy Partners LLC increased its position in shares of Mondelez International by 1.2% in the 3rd quarter. Canopy Partners LLC now owns 13,335 shares of the company’s stock worth $982,000 after purchasing an additional 161 shares during the last quarter. Hardy Reed LLC grew its position in shares of Mondelez International by 1.4% during the 3rd quarter. Hardy Reed LLC now owns 11,511 shares of the company’s stock valued at $848,000 after buying an additional 161 shares during the last quarter. Interchange Capital Partners LLC grew its position in shares of Mondelez International by 4.9% during the 3rd quarter. Interchange Capital Partners LLC now owns 3,490 shares of the company’s stock valued at $257,000 after buying an additional 163 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC grew its position in shares of Mondelez International by 2.2% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 7,641 shares of the company’s stock valued at $563,000 after buying an additional 163 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. UBS Group lowered their price objective 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. DZ Bank downgraded shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective for the company. in a research report on Friday, February 7th. Wells Fargo & Company lowered their price objective 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. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research report on Wednesday, January 22nd. 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.74.

Mondelez International Trading Up 1.3 %

Shares of NASDAQ:MDLZ opened at $61.96 on Thursday. The company has a 50 day moving average of $58.93 and a 200-day moving average of $65.97. The firm has a market cap of $80.14 billion, a P/E ratio of 18.12, a P/E/G ratio of 4.24 and a beta of 0.54. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results 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 return on equity of 16.75% and a net margin of 12.68%. As a group, analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International announced that its board has approved a stock repurchase plan on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio is currently 54.97%.

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.