Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Goldstein Advisors LLC

Goldstein Advisors LLC grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 39.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,621 shares of the company’s stock after purchasing an additional 1,316 shares during the quarter. Goldstein Advisors LLC’s holdings in Mondelez International were worth $276,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Axiom Advisory LLC grew its stake in Mondelez International by 1.6% during the 3rd quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after buying an additional 143 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in shares of Mondelez International by 16.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock valued at $78,000 after acquiring an additional 150 shares during the period. Carnegie Investment Counsel grew its position in shares of Mondelez International by 1.4% during the third quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock worth $811,000 after acquiring an additional 151 shares during the last quarter. SeaCrest Wealth Management LLC increased its holdings in shares of Mondelez International by 1.3% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 12,130 shares of the company’s stock valued at $894,000 after acquiring an additional 156 shares during the period. Finally, Quent Capital LLC raised its position in Mondelez International by 5.5% in the 3rd quarter. Quent Capital LLC now owns 3,047 shares of the company’s stock valued at $225,000 after purchasing an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 2.2 %

MDLZ stock opened at $56.31 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The company’s 50-day moving average price is $61.05 and its 200 day moving average price is $67.06. Mondelez International, Inc. has a 52 week low of $55.97 and a 52 week high of $77.20. The company has a market cap of $75.30 billion, a P/E ratio of 19.97, a P/E/G ratio of 3.12 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The business had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.82 EPS. On average, research analysts expect that Mondelez International, Inc. will post 3.46 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.34%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

Mondelez International declared that its board has authorized a stock buyback plan on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday. Evercore ISI boosted their price target on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. UBS Group decreased their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $61.00 target price (down from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. Finally, Piper Sandler cut their price target on Mondelez International from $84.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $73.81.

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.