Flagship Wealth Advisors LLC Makes New Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

Flagship Wealth Advisors LLC acquired a new position in Mondelez International, Inc. (NASDAQ:MDLZ) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 830 shares of the company’s stock, valued at approximately $50,000.

Several other hedge funds have also bought and sold shares of the stock. TCTC Holdings LLC boosted its position in Mondelez International by 0.8% in the 4th quarter. TCTC Holdings LLC now owns 204,250 shares of the company’s stock worth $12,200,000 after purchasing an additional 1,681 shares in the last quarter. Cibc World Markets Corp lifted its position in shares of Mondelez International by 139.1% during the 4th quarter. Cibc World Markets Corp now owns 1,025,833 shares of the company’s stock valued at $61,273,000 after buying an additional 596,865 shares in the last quarter. Addison Capital Co lifted its position in shares of Mondelez International by 0.5% during the 4th quarter. Addison Capital Co now owns 81,451 shares of the company’s stock valued at $4,865,000 after buying an additional 391 shares in the last quarter. First National Advisers LLC lifted its position in shares of Mondelez International by 42.4% during the 4th quarter. First National Advisers LLC now owns 34,436 shares of the company’s stock valued at $2,057,000 after buying an additional 10,254 shares in the last quarter. Finally, GWN Securities Inc. purchased a new position in shares of Mondelez International during the 4th quarter valued at approximately $921,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 1.2 %

Shares of MDLZ opened at $65.09 on Tuesday. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a market capitalization of $84.20 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The stock has a fifty day simple moving average of $60.83 and a two-hundred day simple moving average of $65.30. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share (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%. As a group, equities analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current 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 given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

Mondelez International announced that its Board of Directors has initiated a share repurchase program on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. DZ Bank lowered Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price on the stock. in a research report on Friday, February 7th. Wells Fargo & Company decreased their target price on 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. Dbs Bank lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Finally, Barclays reduced their price objective on Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.74.

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.