IFG Advisors LLC Purchases 435 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

IFG Advisors LLC boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,934 shares of the company’s stock after acquiring an additional 435 shares during the period. IFG Advisors LLC’s holdings in Mondelez International were worth $414,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Interchange Capital Partners LLC grew its holdings in shares of Mondelez International by 4.9% in the third quarter. Interchange Capital Partners LLC now owns 3,490 shares of the company’s stock valued at $257,000 after purchasing an additional 163 shares in the last quarter. Lowe Brockenbrough & Co. Inc. boosted its stake in shares of Mondelez International by 1.0% during the third quarter. Lowe Brockenbrough & Co. Inc. now owns 30,360 shares of the company’s stock valued at $2,251,000 after purchasing an additional 300 shares during the period. Phillips Wealth Planners LLC raised its holdings in shares of Mondelez International by 28.2% in the third quarter. Phillips Wealth Planners LLC now owns 6,077 shares of the company’s stock valued at $437,000 after acquiring an additional 1,336 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of Mondelez International by 32.5% in the third quarter. Chicago Partners Investment Group LLC now owns 7,376 shares of the company’s stock valued at $520,000 after acquiring an additional 1,810 shares in the last quarter. Finally, AM Investment Strategies LLC bought a new stake in shares of Mondelez International in the third quarter valued at about $506,000. Institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

MDLZ has been the subject of several recent research reports. DZ Bank downgraded Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective for the company. in a report on Friday, February 7th. UBS Group reduced their target price 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. Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and reduced their target price for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. Argus downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Finally, The Goldman Sachs Group cut their price objective on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and an average target price of $69.74.

Mondelez International Stock Up 0.4 %

Shares of MDLZ opened at $64.25 on Friday. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a market capitalization of $83.11 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54. The stock has a fifty day simple moving average of $59.41 and a two-hundred day simple moving average of $65.71. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last issued its 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 analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International declared that its Board of Directors has approved a share repurchase plan on Wednesday, December 11th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio is presently 54.97%.

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.