Principle Wealth Partners LLC Has $636,000 Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Principle Wealth Partners LLC increased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,641 shares of the company’s stock after buying an additional 568 shares during the period. Principle Wealth Partners LLC’s holdings in Mondelez International were worth $636,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Carnegie Investment Counsel lifted its position in Mondelez International by 1.4% in the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock valued at $811,000 after acquiring an additional 151 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in Mondelez International by 177.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 26,696 shares of the company’s stock valued at $1,967,000 after acquiring an additional 17,060 shares in the last quarter. CX Institutional lifted its position in Mondelez International by 44.5% in the 3rd quarter. CX Institutional now owns 82,901 shares of the company’s stock valued at $6,107,000 after acquiring an additional 25,532 shares in the last quarter. Creative Planning lifted its position in Mondelez International by 4.8% in the 3rd quarter. Creative Planning now owns 343,226 shares of the company’s stock valued at $25,285,000 after acquiring an additional 15,845 shares in the last quarter. Finally, Benson Investment Management Company Inc. bought a new position in Mondelez International in the 3rd quarter valued at about $5,221,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MDLZ has been the topic of several recent research reports. Citigroup dropped their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Royal Bank of Canada dropped their target price on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Barclays dropped their target price on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Bank of America lifted their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, Piper Sandler cut shares of Mondelez International from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $70.00 to $63.00 in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.72.

Mondelez International Trading Up 3.3 %

NASDAQ:MDLZ opened at $60.45 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.42 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $80.83 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 4.04 and a beta of 0.54. The firm’s 50 day moving average is $59.20 and its 200 day moving average is $66.30. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Sell-side analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International declared that its board has authorized a share repurchase plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 3.11%. Mondelez International’s dividend payout ratio is 54.97%.

Mondelez International 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.