Aries Wealth Management Purchases 1,435 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Aries Wealth Management grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 15.3% in the fourth quarter, Holdings Channel reports. The firm owned 10,801 shares of the company’s stock after acquiring an additional 1,435 shares during the period. Aries Wealth Management’s holdings in Mondelez International were worth $645,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Creative Planning grew its position in shares of Mondelez International by 4.8% during the 3rd quarter. Creative Planning now owns 343,226 shares of the company’s stock worth $25,285,000 after buying an additional 15,845 shares in the last quarter. SeaCrest Wealth Management LLC increased its position in shares of Mondelez International by 1.3% during the third quarter. SeaCrest Wealth Management LLC now owns 12,130 shares of the company’s stock worth $894,000 after purchasing an additional 156 shares in the last quarter. Sumitomo Life Insurance Co. increased its position in Mondelez International by 2.4% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 24,953 shares of the company’s stock valued at $1,838,000 after buying an additional 577 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in shares of Mondelez International by 2.0% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 138,107 shares of the company’s stock valued at $10,174,000 after purchasing an additional 2,654 shares during the last quarter. Finally, Twelve Points Wealth Management LLC raised its holdings in shares of Mondelez International by 7.1% in the third quarter. Twelve Points Wealth Management LLC now owns 4,247 shares of the company’s stock worth $313,000 after buying an additional 280 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Up 0.9 %

Shares of NASDAQ MDLZ opened at $61.16 on Friday. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The business’s 50 day moving average is $59.06 and its two-hundred day moving average is $66.22. The firm has a market cap of $81.78 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 4.04 and a beta of 0.54. The company has a quick ratio of 0.42, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

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

Mondelez International declared 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 buy up to 10.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors 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. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio is presently 54.97%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MDLZ. The Goldman Sachs Group dropped their target price on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Stifel Nicolaus reduced their price target on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a report on Friday, January 24th. Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and decreased their price objective for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. UBS Group lowered their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, 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 research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $69.72.

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.