Valeo Financial Advisors LLC Has $2.29 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Valeo Financial Advisors LLC raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 13.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,381 shares of the company’s stock after purchasing an additional 4,683 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Mondelez International were worth $2,293,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Creative Planning raised its holdings in shares of Mondelez International by 4.8% in the third quarter. Creative Planning now owns 343,226 shares of the company’s stock valued at $25,285,000 after purchasing an additional 15,845 shares during the last quarter. Good Life Advisors LLC grew its position in Mondelez International by 44.0% in the 3rd quarter. Good Life Advisors LLC now owns 6,373 shares of the company’s stock worth $469,000 after purchasing an additional 1,946 shares in the last quarter. Global Retirement Partners LLC increased its stake in Mondelez International by 14.2% in the 3rd quarter. Global Retirement Partners LLC now owns 18,278 shares of the company’s stock valued at $1,347,000 after buying an additional 2,270 shares during the last quarter. Marshall Financial Group LLC lifted its position in shares of Mondelez International by 3.0% during the 3rd quarter. Marshall Financial Group LLC now owns 5,715 shares of the company’s stock worth $421,000 after buying an additional 166 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Mondelez International by 3.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 168,095 shares of the company’s stock worth $12,384,000 after buying an additional 5,493 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on MDLZ shares. Dbs Bank downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Citigroup lowered their target price 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. Redburn Atlantic started coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. Wells Fargo & Company lowered their price objective on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Finally, Piper Sandler cut shares of Mondelez International from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $70.00 to $63.00 in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and an average target price of $69.74.

Mondelez International Stock Down 0.6 %

MDLZ stock opened at $60.82 on Friday. The stock has a 50-day simple moving average of $58.98 and a two-hundred day simple moving average of $66.14. 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 $81.33 billion, a PE ratio of 17.78, 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 earnings results 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 return on equity of 16.75% and a net margin of 12.68%. On average, equities analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.09%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio is 54.97%.

Mondelez International announced that its board has authorized 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 reacquire up to 10.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership 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.