MONECO Advisors LLC Acquires 662 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

MONECO Advisors LLC raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 16.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,585 shares of the company’s stock after acquiring an additional 662 shares during the quarter. MONECO Advisors LLC’s holdings in Mondelez International were worth $274,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Truvestments Capital LLC bought a new position in Mondelez International in the 3rd quarter valued at $25,000. Prospera Private Wealth LLC bought a new position in shares of Mondelez International during the 3rd quarter worth $27,000. Marshall Investment Management LLC bought a new position in shares of Mondelez International during the 4th quarter worth $26,000. Hager Investment Management Services LLC bought a new position in shares of Mondelez International during the 4th quarter worth $27,000. Finally, Highline Wealth Partners LLC bought a new position in shares of Mondelez International during the 3rd quarter worth $38,000. Institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of a number of recent research reports. Royal Bank of Canada dropped their price target on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Mizuho increased their price target on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. Dbs Bank downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Jefferies Financial Group downgraded 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, The Goldman Sachs Group dropped their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. One equities 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 company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $69.74.

Mondelez International Trading Up 0.8 %

Mondelez International stock opened at $65.88 on Wednesday. The stock has a 50-day moving average of $59.15 and a two-hundred day moving average of $65.81. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The stock has a market cap of $85.22 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54.

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

Mondelez International declared that its Board of Directors has initiated a stock repurchase program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to repurchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Mondelez International Dividend Announcement

The company also recently disclosed 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 2.85%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

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.