Eads & Heald Wealth Management Purchases 295 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Eads & Heald Wealth Management increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,505 shares of the company’s stock after purchasing an additional 295 shares during the period. Eads & Heald Wealth Management’s holdings in Mondelez International were worth $508,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MDLZ. Traphagen Investment Advisors LLC grew its position in shares of Mondelez International by 0.8% in the 4th quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company’s stock valued at $1,411,000 after acquiring an additional 187 shares during the period. Simon Quick Advisors LLC lifted its stake in Mondelez International by 12.8% in the 4th quarter. Simon Quick Advisors LLC now owns 8,284 shares of the company’s stock valued at $495,000 after purchasing an additional 939 shares during the last quarter. Exchange Bank grew its holdings in Mondelez International by 5.5% during the fourth quarter. Exchange Bank now owns 11,237 shares of the company’s stock worth $671,000 after purchasing an additional 590 shares during the period. Monterey Private Wealth Inc. increased its position in Mondelez International by 8.1% during the fourth quarter. Monterey Private Wealth Inc. now owns 3,592 shares of the company’s stock worth $215,000 after buying an additional 269 shares during the last quarter. Finally, Clear Harbor Asset Management LLC raised its stake in Mondelez International by 11.5% in the fourth quarter. Clear Harbor Asset Management LLC now owns 8,307 shares of the company’s stock valued at $496,000 after buying an additional 860 shares during the period. 78.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of several research analyst reports. The Goldman Sachs Group reduced their target price on Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and decreased their price objective for the company from $75.00 to $62.00 in a report on Tuesday. Bank of America raised their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Piper Sandler decreased their price target on shares of Mondelez International from $84.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Finally, 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 report on Friday, October 25th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.13.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $57.60 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. Mondelez International, Inc. has a fifty-two week low of $55.97 and a fifty-two week high of $77.20. The company has a market cap of $77.02 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 3.12 and a beta of 0.54. The stock has a fifty day moving average price of $61.43 and a 200-day moving average price of $67.20.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating 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 firm had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same period last year, the firm earned $0.82 EPS. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, equities analysts anticipate that Mondelez International, Inc. will post 3.47 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio is presently 66.67%.

Mondelez International announced that its Board of Directors has authorized a stock repurchase program on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

About Mondelez International

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.