44 Wealth Management LLC Buys 191 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

44 Wealth Management LLC boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,645 shares of the company’s stock after purchasing an additional 191 shares during the quarter. 44 Wealth Management LLC’s holdings in Mondelez International were worth $457,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Czech National Bank boosted its holdings in Mondelez International by 6.5% in the fourth quarter. Czech National Bank now owns 289,931 shares of the company’s stock worth $17,318,000 after acquiring an additional 17,815 shares in the last quarter. Legacy Private Trust Co. boosted its holdings in Mondelez International by 33.2% in the fourth quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock worth $229,000 after acquiring an additional 957 shares in the last quarter. Buckingham Capital Management Inc. boosted its holdings in Mondelez International by 25.5% in the fourth quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company’s stock worth $5,578,000 after acquiring an additional 18,961 shares in the last quarter. Kennedy Investment Group acquired a new stake in Mondelez International in the fourth quarter worth about $313,000. Finally, Rhumbline Advisers boosted its holdings in Mondelez International by 1.4% in the fourth quarter. Rhumbline Advisers now owns 2,742,126 shares of the company’s stock worth $163,787,000 after acquiring an additional 37,897 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

MDLZ has been the subject of several recent analyst reports. Citigroup lowered their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. DZ Bank downgraded Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target for the company. in a report on Friday, February 7th. The Goldman Sachs Group decreased their target price on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft decreased 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. Finally, Piper Sandler downgraded Mondelez International from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $70.00 to $63.00 in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.74.

Mondelez International Stock Up 4.1 %

Shares of MDLZ stock opened at $64.70 on Friday. The stock has a 50 day moving average of $58.98 and a 200 day moving average of $65.89. 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 market cap of $83.69 billion, a P/E ratio of 18.92, a P/E/G ratio of 4.34 and a beta of 0.54. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results 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%. As a group, sell-side analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Mondelez International announced that its board has approved a share buyback plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to repurchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors 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.