Avion Wealth Buys 502 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Avion Wealth increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 158.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 819 shares of the company’s stock after acquiring an additional 502 shares during the period. Avion Wealth’s holdings in Mondelez International were worth $48,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Czech National Bank increased its holdings in Mondelez International by 6.5% during the 4th quarter. Czech National Bank now owns 289,931 shares of the company’s stock valued at $17,318,000 after purchasing an additional 17,815 shares in the last quarter. Legacy Private Trust Co. increased its holdings in Mondelez International by 33.2% during the 4th quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock valued at $229,000 after purchasing an additional 957 shares in the last quarter. Kennedy Investment Group acquired a new stake in Mondelez International during the 4th quarter valued at $313,000. Benjamin Edwards Inc. increased its holdings in Mondelez International by 1,904.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company’s stock valued at $31,369,000 after purchasing an additional 404,567 shares in the last quarter. Finally, Kingsview Wealth Management LLC increased its holdings in Mondelez International by 14.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock valued at $8,430,000 after purchasing an additional 14,278 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Mondelez International stock opened at $60.45 on Wednesday. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The stock’s 50 day moving average is $59.20 and its 200-day moving average is $66.30. 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 company has a market capitalization of $80.83 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 4.04 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results 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%. Equities research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

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

Mondelez International announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MDLZ shares. Wells Fargo & Company dropped their price target on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. DZ Bank cut Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price for the company. in a research note on Friday, February 7th. Barclays lowered their target price 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. UBS Group lowered their target price on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on 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 investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $69.72.

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.