Atria Wealth Solutions Inc. Grows Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Atria Wealth Solutions Inc. raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 10.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 90,157 shares of the company’s stock after acquiring an additional 8,315 shares during the period. Atria Wealth Solutions Inc.’s holdings in Mondelez International were worth $5,414,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of MDLZ. 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 purchased a new position in shares of Mondelez International in the 3rd quarter valued at about $27,000. Hager Investment Management Services LLC purchased a new position in shares of Mondelez International in the 4th quarter valued at about $27,000. Richardson Financial Services Inc. increased its stake in shares of Mondelez International by 100.0% in the 3rd 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. Finally, McClarren Financial Advisors Inc. purchased a new position in shares of Mondelez International in the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on MDLZ shares. Citigroup cut their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company cut their price target 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. DZ Bank cut Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective on the stock. in a report on Friday, February 7th. Piper Sandler cut Mondelez International from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $70.00 to $63.00 in a report on Friday, January 31st. Finally, Dbs Bank cut Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.74.

Mondelez International Trading Up 1.3 %

Shares of Mondelez International stock opened at $61.96 on Thursday. The stock 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. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The stock’s 50 day simple moving average is $58.93 and its 200-day simple moving average is $65.97. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06.

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 net margin of 12.68% and a return on equity of 16.75%. Analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

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

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