Steward Partners Investment Advisory LLC Raises Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Steward Partners Investment Advisory LLC increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.1% in the fourth quarter, HoldingsChannel reports. The firm owned 159,306 shares of the company’s stock after buying an additional 3,233 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Mondelez International were worth $9,515,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC lifted its stake in shares of Mondelez International by 32.5% during the third quarter. Chicago Partners Investment Group LLC now owns 7,376 shares of the company’s stock valued at $520,000 after buying an additional 1,810 shares during the period. PDS Planning Inc raised its holdings in Mondelez International by 6.3% in the 3rd quarter. PDS Planning Inc now owns 4,664 shares of the company’s stock valued at $344,000 after acquiring an additional 278 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its stake in shares of Mondelez International by 16.5% during 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 period. Catalyst Capital Advisors LLC lifted its stake in shares of Mondelez International by 174.0% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 3,568 shares of the company’s stock worth $263,000 after purchasing an additional 2,266 shares during the period. Finally, Alterna Wealth Management Inc. acquired a new stake in shares of Mondelez International during the third quarter worth $217,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Down 0.7 %

Shares of MDLZ opened at $65.29 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The stock has a market cap of $84.45 billion, a PE ratio of 19.09, a P/E/G ratio of 4.34 and a beta of 0.54. The stock’s 50-day moving average is $59.64 and its two-hundred day moving average is $65.61.

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

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors 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 yield of 2.88%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

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

Analyst Ratings Changes

Several equities analysts recently commented on the company. Dbs Bank lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. Stifel Nicolaus dropped their price objective on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. Jefferies Financial Group lowered shares of Mondelez International from a “buy” rating to a “hold” rating and dropped their price target for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. Finally, Piper Sandler downgraded shares of Mondelez International from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $70.00 to $63.00 in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $69.74.

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.