Raleigh Capital Management Inc. Has $246,000 Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Raleigh Capital Management Inc. reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,125 shares of the company’s stock after selling 405 shares during the period. Raleigh Capital Management Inc.’s holdings in Mondelez International were worth $246,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Truvestments Capital LLC bought a new position in shares of Mondelez International during the 3rd quarter worth about $25,000. Prospera Private Wealth LLC acquired a new position in Mondelez International during the 3rd quarter worth approximately $27,000. Richardson Financial Services Inc. boosted its holdings in Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after acquiring an additional 200 shares in the last quarter. Highline Wealth Partners LLC acquired a new stake in Mondelez International in the third quarter valued at approximately $38,000. Finally, Albion Financial Group UT bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $38,000. 78.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MDLZ has been the topic of several research reports. Redburn Atlantic initiated coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Wednesday. Citigroup cut their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Bank of America increased their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $61.00 target price (down previously from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $73.81.

Mondelez International Stock Performance

MDLZ stock opened at $56.96 on Friday. 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 1 year low of $55.97 and a 1 year high of $77.20. The company has a market cap of $76.17 billion, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54. The stock’s fifty day moving average price is $61.05 and its 200-day moving average price is $67.06.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the company earned $0.82 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. On average, equities analysts forecast that Mondelez International, Inc. will post 3.46 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.30%. Mondelez International’s payout ratio is 66.67%.

Mondelez International announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management 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.