Quent Capital LLC Buys 820 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Quent Capital LLC increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 26.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,867 shares of the company’s stock after purchasing an additional 820 shares during the quarter. Quent Capital LLC’s holdings in Mondelez International were worth $231,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Exchange Traded Concepts LLC grew its position in Mondelez International by 177.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 26,696 shares of the company’s stock valued at $1,967,000 after acquiring an additional 17,060 shares during the last quarter. Creative Planning grew its position in Mondelez International by 4.8% in the 3rd quarter. Creative Planning now owns 343,226 shares of the company’s stock valued at $25,285,000 after acquiring an additional 15,845 shares during the last quarter. Foster Victor Wealth Advisors LLC grew its position in Mondelez International by 4.0% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 83,612 shares of the company’s stock valued at $5,941,000 after acquiring an additional 3,249 shares during the last quarter. 626 Financial LLC bought a new position in Mondelez International in the 3rd quarter valued at $220,000. Finally, CFM Wealth Partners LLC lifted its holdings in shares of Mondelez International by 1.2% in the 3rd quarter. CFM Wealth Partners LLC now owns 46,696 shares of the company’s stock worth $3,269,000 after buying an additional 539 shares during the period. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Up 0.2 %

Mondelez International stock opened at $60.60 on Thursday. The stock has a 50-day moving average of $59.11 and a two-hundred day moving average of $66.26. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.42 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 $81.03 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 4.04 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio is presently 54.97%.

Mondelez International declared that its Board of Directors has authorized a share repurchase plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages have weighed in on MDLZ. Wells Fargo & Company lowered their target price on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Barclays lowered their target price on Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft lowered their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a report on Wednesday, January 22nd. Dbs Bank cut Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. Finally, DZ Bank cut Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price for the company. in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $69.72.

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.