Tempus Wealth Planning LLC Buys 276 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Tempus Wealth Planning LLC raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,699 shares of the company’s stock after acquiring an additional 276 shares during the period. Tempus Wealth Planning LLC’s holdings in Mondelez International were worth $221,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Truvestments Capital LLC bought a new stake in Mondelez International in the 3rd quarter valued at about $25,000. Prospera Private Wealth LLC bought a new stake in shares of Mondelez International in the third quarter valued at approximately $27,000. Richardson Financial Services Inc. grew its position in Mondelez International by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares in the last quarter. Highline Wealth Partners LLC acquired a new position in Mondelez International in the 3rd quarter valued at $38,000. Finally, Albion Financial Group UT bought a new stake in shares of Mondelez International during the 4th quarter valued at $38,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Down 2.2 %

Shares of NASDAQ MDLZ opened at $56.12 on Wednesday. The firm has a 50 day moving average price of $59.94 and a two-hundred day moving average price of $66.60. The stock has a market cap of $75.04 billion, a P/E ratio of 19.90, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54. Mondelez International, Inc. has a 52-week low of $55.88 and a 52-week high of $76.69. 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 (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. As a group, equities analysts forecast that Mondelez International, Inc. will post 3.44 EPS for the current year.

Mondelez International announced that its board has authorized a share repurchase plan on Wednesday, December 11th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits 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 board believes its stock is undervalued.

Mondelez International Announces Dividend

The business 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 was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.35%. Mondelez International’s dividend payout ratio (DPR) is 66.67%.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of analyst reports. Piper Sandler downgraded Mondelez International from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $70.00 to $63.00 in a research note on Friday, January 31st. Wells Fargo & Company reiterated an “equal weight” rating and set a $61.00 price target (down previously from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and cut their target price for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. Citigroup decreased their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, Bank of America upped their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.76.

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.