Stratos Wealth Advisors LLC Raises Stake in Mondelez International, Inc. (NASDAQ:MDLZ)


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Stratos Wealth Advisors LLC raised its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 23.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,119 shares of the company’s stock after acquiring an additional 2,094 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Mondelez International were worth $651,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of MDLZ. Navis Wealth Advisors LLC purchased a new position in Mondelez International in the fourth quarter worth approximately $26,000. Hoover Financial Advisors Inc. purchased a new position in Mondelez International in the fourth quarter worth approximately $29,000. NuWave Investment Management LLC lifted its stake in Mondelez International by 73.3% in the fourth quarter. NuWave Investment Management LLC now owns 572 shares of the company’s stock worth $33,000 after acquiring an additional 242 shares during the last quarter. McCarthy Asset Management Inc. purchased a new position in Mondelez International in the fourth quarter worth approximately $33,000. Finally, Selective Wealth Management Inc. lifted its position in shares of Mondelez International by 496.0% during the 4th quarter. Selective Wealth Management Inc. now owns 596 shares of the company’s stock worth $35,000 after buying an additional 496 shares during the last quarter. Institutional investors own 75.06% of the company’s stock.

Shares of MDLZ opened at $61.41 on Tuesday. Mondelez International, Inc. has a twelve month low of $48.77 and a twelve month high of $61.87. The stock’s 50 day moving average is $58.92 and its two-hundred day moving average is $57.17. The firm has a market capitalization of $86.72 billion, a PE ratio of 28.17, a P/E/G ratio of 2.91 and a beta of 0.61. The company has a current ratio of 0.74, a quick ratio of 0.52 and a debt-to-equity ratio of 0.70.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 27th. The company reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.08. Mondelez International had a return on equity of 13.92% and a net margin of 11.99%. The company had revenue of $7.24 billion for the quarter, compared to analyst estimates of $7 billion. During the same quarter in the previous year, the company earned $0.69 EPS. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, sell-side analysts predict that Mondelez International, Inc. will post 2.6 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 14th. Stockholders of record on Wednesday, March 31st were given a dividend of $0.315 per share. The ex-dividend date of this dividend was Tuesday, March 30th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.05%. Mondelez International’s payout ratio is 51.01%.

In other news, Director Peter W. May sold 184,127 shares of Mondelez International stock in a transaction that occurred on Thursday, February 11th. The shares were sold at an average price of $55.51, for a total transaction of $10,220,889.77. Following the completion of the sale, the director now directly owns 12,866 shares in the company, valued at approximately $714,191.66. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Robin S. Hargrove sold 26,628 shares of Mondelez International stock in a transaction that occurred on Friday, February 19th. The shares were sold at an average price of $54.43, for a total transaction of $1,449,362.04. Following the sale, the executive vice president now owns 85,611 shares of the company’s stock, valued at $4,659,806.73. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,258,915 shares of company stock valued at $125,594,725. Insiders own 1.30% of the company’s stock.

Several equities analysts have issued reports on MDLZ shares. Royal Bank of Canada upped their price objective on shares of Mondelez International from $66.00 to $69.00 and gave the company an “outperform” rating in a research note on Wednesday, April 28th. Credit Suisse Group raised their price objective on Mondelez International from $65.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, April 28th. Deutsche Bank Aktiengesellschaft raised their price objective on Mondelez International from $67.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, April 28th. Jefferies Financial Group raised their price objective on Mondelez International from $67.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, April 28th. Finally, Morgan Stanley raised their price objective on Mondelez International from $63.00 to $69.00 and gave the stock an “overweight” rating in a report on Wednesday, April 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating and fourteen have assigned a buy rating to the company. Mondelez International has a consensus rating of “Buy” and an average target price of $65.13.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.

Further Reading: Golden Cross

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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