Orion Portfolio Solutions LLC Has $9.33 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Orion Portfolio Solutions LLC lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 68.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 156,181 shares of the company’s stock after acquiring an additional 63,399 shares during the period. Orion Portfolio Solutions LLC’s holdings in Mondelez International were worth $9,329,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MDLZ. Truvestments Capital LLC bought a new position in shares of Mondelez International in the third quarter valued at approximately $25,000. Marshall Investment Management LLC acquired a new position in Mondelez International in the 4th quarter valued at $26,000. Hager Investment Management Services LLC acquired a new position in Mondelez International in the 4th quarter valued at $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Mondelez International in the 4th quarter worth $31,000. Finally, Sierra Ocean LLC acquired a new position in Mondelez International during the 4th quarter worth $32,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MDLZ has been the topic of several research analyst reports. Argus downgraded Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Dbs Bank downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. The Goldman Sachs Group cut their price target on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, February 6th. 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 note on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and a consensus target price of $69.50.

Mondelez International Price Performance

Mondelez International stock opened at $67.72 on Friday. The business has a 50 day simple moving average of $62.25 and a 200 day simple moving average of $64.88. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The company has a market capitalization of $87.60 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06.

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 net margin of 12.68% and a return on equity of 16.75%. On average, sell-side analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International announced that its board has approved a share buyback program on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s 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.