Regent Peak Wealth Advisors LLC Has $204,000 Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Regent Peak Wealth Advisors LLC trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,412 shares of the company’s stock after selling 294 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in Mondelez International were worth $204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Foundations Investment Advisors LLC boosted its position in Mondelez International by 13.4% during the second quarter. Foundations Investment Advisors LLC now owns 3,565 shares of the company’s stock worth $233,000 after purchasing an additional 421 shares during the period. Private Advisor Group LLC grew its stake in Mondelez International by 4.1% in the 2nd quarter. Private Advisor Group LLC now owns 57,102 shares of the company’s stock valued at $3,737,000 after buying an additional 2,270 shares during the last quarter. Savant Capital LLC raised its holdings in Mondelez International by 12.5% in the 2nd quarter. Savant Capital LLC now owns 26,682 shares of the company’s stock worth $1,746,000 after acquiring an additional 2,973 shares during the period. Custom Index Systems LLC lifted its position in Mondelez International by 31.1% during the 2nd quarter. Custom Index Systems LLC now owns 5,421 shares of the company’s stock worth $355,000 after acquiring an additional 1,287 shares during the last quarter. Finally, Ballentine Partners LLC boosted its holdings in Mondelez International by 6.3% during the second quarter. Ballentine Partners LLC now owns 16,122 shares of the company’s stock valued at $1,055,000 after acquiring an additional 952 shares during the period. Institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on MDLZ. Citigroup lowered their target price on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Stifel Nicolaus raised their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Piper Sandler upped their target price on shares of Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft lowered shares of Mondelez International from a “buy” rating to a “hold” rating and decreased their price target for the stock from $78.00 to $67.00 in a research report on Thursday, December 12th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $61.00 price objective (down previously from $74.00) on shares of Mondelez International in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.14.

Mondelez International Stock Up 1.1 %

NASDAQ:MDLZ traded up $0.62 during trading hours on Tuesday, reaching $58.84. 4,436,342 shares of the stock were exchanged, compared to its average volume of 6,667,564. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. Mondelez International, Inc. has a twelve month low of $57.81 and a twelve month high of $77.20. The stock has a market cap of $78.68 billion, a PE ratio of 20.87, a PEG ratio of 2.80 and a beta of 0.54. The firm has a 50 day moving average of $63.48 and a 200 day moving average of $67.84.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. On average, equities analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International declared that its board has authorized a stock buyback program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.20%. Mondelez International’s payout ratio is presently 66.67%.

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.