Evoke Wealth LLC Takes Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Evoke Wealth LLC purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 6,093 shares of the company’s stock, valued at approximately $367,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Truvestments Capital LLC purchased a new position in Mondelez International during the 3rd quarter worth $25,000. Marshall Investment Management LLC purchased a new position in Mondelez International during the 4th quarter worth $26,000. Prospera Private Wealth LLC purchased a new position in Mondelez International during the 3rd quarter worth $27,000. Hager Investment Management Services LLC purchased a new position in Mondelez International during the 4th quarter worth $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Mondelez International during the 4th quarter worth $31,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $64.00 on Thursday. The stock has a market capitalization of $82.79 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month 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 stock has a 50-day moving average of $61.07 and a 200 day moving average of $65.24.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share 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%. Sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International announced that its board has approved a stock buyback program 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 programs are generally an indication that the company’s management believes its shares are undervalued.

Mondelez International Announces Dividend

The firm 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 $0.47 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.94%. Mondelez International’s payout ratio is 54.97%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MDLZ. Deutsche Bank Aktiengesellschaft dropped their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. Stifel Nicolaus lowered their price target on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Wells Fargo & Company lowered their price target on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and lowered their price target for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. Finally, Dbs Bank cut Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.