Retirement Guys Formula LLC Increases Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Retirement Guys Formula LLC boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 10.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,565 shares of the company’s stock after acquiring an additional 1,059 shares during the period. Retirement Guys Formula LLC’s holdings in Mondelez International were worth $691,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Truvestments Capital LLC purchased a new stake in Mondelez International in the third quarter valued at $25,000. Prospera Private Wealth LLC purchased a new stake in Mondelez International in the third quarter valued at $27,000. Hager Investment Management Services LLC purchased a new stake in Mondelez International in the fourth quarter valued at $27,000. Richardson Financial Services Inc. lifted its position in Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after acquiring an additional 200 shares during the last quarter. Finally, Highline Wealth Partners LLC purchased a new stake in Mondelez International in the third quarter valued at $38,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MDLZ. Bank of America upped their target price on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. UBS Group reduced their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Dbs Bank cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. Citigroup reduced their target price on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, DZ Bank cut shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price for the company. in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $69.72.

Mondelez International Trading Up 3.3 %

Shares of 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 firm’s 50-day moving average is $59.20 and its two-hundred day moving average is $66.30. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The firm has a market capitalization of $80.83 billion, a P/E ratio of 17.68, a PEG ratio of 4.04 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. On average, research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

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

Mondelez International announced that its board has approved a stock repurchase plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors 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.