PMG Wealth Management Inc. Buys New Position in Mondelez International, Inc. (NASDAQ:MDLZ)

PMG Wealth Management Inc. bought a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 5,152 shares of the company’s stock, valued at approximately $308,000.

Other institutional investors have also added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new position in shares of Mondelez International during the 3rd quarter valued at about $25,000. Prospera Private Wealth LLC bought a new stake in Mondelez International during the 3rd quarter worth approximately $27,000. Richardson Financial Services Inc. lifted its holdings in Mondelez International by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. Hager Investment Management Services LLC bought a new position in shares of Mondelez International in the fourth quarter worth approximately $27,000. Finally, Highline Wealth Partners LLC purchased a new stake in shares of Mondelez International in the third quarter worth $38,000. 78.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Barclays lowered their target price on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Wells Fargo & Company dropped their price objective on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Jefferies Financial Group downgraded Mondelez International from a “buy” rating to a “hold” rating and decreased their target price for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Royal Bank of Canada lowered their price target on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Finally, UBS Group cut their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and an average target price of $69.74.

Mondelez International Trading Up 4.1 %

MDLZ opened at $64.70 on Friday. The stock has a 50-day moving average of $58.98 and a 200 day moving average of $65.91. 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, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The firm has a market cap of $83.69 billion, a P/E ratio of 18.92, a P/E/G ratio of 4.32 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share 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%. As a group, research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio is currently 54.97%.

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

Mondelez International 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.