James J. Burns & Company LLC Purchases Shares of 5,312 Mondelez International, Inc. (NASDAQ:MDLZ)

James J. Burns & Company LLC acquired a new position in Mondelez International, Inc. (NASDAQ:MDLZ) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,312 shares of the company’s stock, valued at approximately $318,000.

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on MDLZ. Bank of America lifted their price objective on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. UBS Group cut their price target on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Piper Sandler cut shares of Mondelez International from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $70.00 to $63.00 in a report on Friday. Royal Bank of Canada restated an “outperform” rating and issued a $75.00 price objective on shares of Mondelez International in a report on Thursday, January 30th. Finally, Redburn Atlantic assumed coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price on the stock. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and a consensus price target of $72.76.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $57.41 on Tuesday. 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 has a market capitalization of $76.77 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54. The business’s 50-day moving average price is $60.09 and its 200 day moving average price is $66.67. Mondelez International, Inc. has a twelve month low of $55.97 and a twelve month high of $76.69.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.27%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is currently 66.67%.

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

Mondelez International Company 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.