Stonebridge Financial Group LLC Makes New $67,000 Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

Stonebridge Financial Group LLC purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,126 shares of the company’s stock, valued at approximately $67,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Truvestments Capital LLC bought a new position in Mondelez International during the third quarter valued at $25,000. Prospera Private Wealth LLC purchased a new stake in Mondelez International in the 3rd quarter worth about $27,000. Richardson Financial Services Inc. lifted its stake in Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares during the last quarter. Hager Investment Management Services LLC purchased a new position in shares of Mondelez International during the fourth quarter valued at approximately $27,000. Finally, Highline Wealth Partners LLC bought a new position in shares of Mondelez International during the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a report on Wednesday, January 22nd. Redburn Atlantic started coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target on the stock. Piper Sandler downgraded shares of Mondelez International from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $70.00 to $63.00 in a research note on Friday, January 31st. Dbs Bank downgraded shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. Finally, DZ Bank cut Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective on the stock. in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and an average target price of $69.72.

Mondelez International Price Performance

NASDAQ MDLZ opened at $61.16 on Friday. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The firm’s fifty day simple moving average is $59.06 and its two-hundred day simple moving average is $66.22. 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 firm has a market capitalization of $81.78 billion, a P/E ratio of 17.88, a P/E/G ratio of 4.04 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.07%. Mondelez International’s dividend payout ratio (DPR) is currently 54.97%.

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

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.