RWA Wealth Partners LLC Buys 1,131 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

RWA Wealth Partners LLC boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,712 shares of the company’s stock after purchasing an additional 1,131 shares during the quarter. RWA Wealth Partners LLC’s holdings in Mondelez International were worth $998,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Mondelez International by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company’s stock valued at $7,910,477,000 after buying an additional 931,776 shares during the last quarter. State Street Corp grew its position in shares of Mondelez International by 3.2% in the third quarter. State Street Corp now owns 60,151,987 shares of the company’s stock valued at $4,459,239,000 after purchasing an additional 1,851,247 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Mondelez International by 1.2% in the third quarter. Geode Capital Management LLC now owns 28,204,955 shares of the company’s stock worth $2,069,906,000 after purchasing an additional 341,203 shares during the period. Norges Bank acquired a new position in shares of Mondelez International during the 4th quarter worth about $1,118,755,000. Finally, Bank of New York Mellon Corp boosted its stake in Mondelez International by 3.3% during the 4th quarter. Bank of New York Mellon Corp now owns 10,354,236 shares of the company’s stock valued at $618,458,000 after purchasing an additional 326,177 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MDLZ. The Goldman Sachs Group reduced their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft decreased their price target 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. Dbs Bank cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. Citigroup lowered their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, Mizuho lifted their price objective on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average target price of $69.50.

Mondelez International Trading Up 0.2 %

MDLZ opened at $67.85 on Tuesday. The stock has a market capitalization of $87.77 billion, a PE ratio of 19.84, a PEG ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year 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. The firm has a 50-day moving average price of $62.45 and a two-hundred day moving average price of $64.70.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data 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, equities analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.77%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

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

Mondelez International Company 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.