Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by First Horizon Advisors Inc.

First Horizon Advisors Inc. increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.8% during the fourth quarter, Holdings Channel reports. The fund owned 10,499 shares of the company’s stock after acquiring an additional 181 shares during the quarter. First Horizon Advisors Inc.’s holdings in Mondelez International were worth $627,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC raised its stake in Mondelez International by 8,591.9% during the third quarter. International Assets Investment Management LLC now owns 806,085 shares of the company’s stock worth $59,384,000 after purchasing an additional 796,811 shares during the period. Arkadios Wealth Advisors raised its stake in Mondelez International by 64.0% during the third quarter. Arkadios Wealth Advisors now owns 9,635 shares of the company’s stock worth $710,000 after purchasing an additional 3,760 shares during the period. Modera Wealth Management LLC raised its stake in shares of Mondelez International by 37.9% in the 3rd quarter. Modera Wealth Management LLC now owns 69,999 shares of the company’s stock valued at $5,157,000 after acquiring an additional 19,222 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Mondelez International by 1.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 161,345 shares of the company’s stock valued at $11,885,000 after acquiring an additional 2,190 shares during the period. Finally, Ridgepath Capital Management LLC raised its stake in shares of Mondelez International by 3.1% in the 3rd quarter. Ridgepath Capital Management LLC now owns 18,440 shares of the company’s stock valued at $1,358,000 after acquiring an additional 563 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of research reports. DZ Bank downgraded shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price on the stock. in a research note on Friday, February 7th. Piper Sandler downgraded shares of Mondelez International from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $70.00 to $63.00 in a research note on Friday, January 31st. Royal Bank of Canada dropped their price target on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Mizuho lifted their price target on shares of Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. Finally, Wells Fargo & Company decreased their price objective on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. One investment 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.74.

Mondelez International Trading Up 1.1 %

Shares of NASDAQ:MDLZ opened at $65.36 on Tuesday. The company has a market cap of $84.55 billion, a PE ratio of 19.11, a P/E/G ratio of 4.34 and a beta of 0.54. The company’s 50-day moving average price is $59.05 and its 200 day moving average price is $65.83. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last issued 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%. Sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International announced that its board has approved a share repurchase program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.88%. Mondelez International’s dividend payout ratio (DPR) is 54.97%.

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.