MOKAN Wealth Management Inc. Invests $1.67 Million in Mondelez International, Inc. (NASDAQ:MDLZ)

MOKAN Wealth Management Inc. purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 27,941 shares of the company’s stock, valued at approximately $1,669,000. Mondelez International comprises about 1.1% of MOKAN Wealth Management Inc.’s portfolio, making the stock its 29th largest position.

Other large investors have also modified their holdings of the company. Truvestments Capital LLC purchased a new stake in shares of Mondelez International during the third quarter worth about $25,000. Prospera Private Wealth LLC purchased a new stake in Mondelez International in the third quarter valued at approximately $27,000. Hager Investment Management Services LLC purchased a new stake in Mondelez International in the fourth quarter valued at approximately $27,000. Richardson Financial Services Inc. lifted its holdings in Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after acquiring an additional 200 shares during the period. Finally, McClarren Financial Advisors Inc. acquired a new position in shares of Mondelez International during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MDLZ shares. Mizuho upped their target price on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday. Dbs Bank cut Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. Royal Bank of Canada lowered their price target on Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Piper Sandler lowered Mondelez International from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $70.00 to $63.00 in a research note on Friday, January 31st. Finally, 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 note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $69.74.

Mondelez International Trading Down 0.6 %

NASDAQ:MDLZ opened at $60.82 on Friday. The stock’s 50 day moving average price is $58.98 and its 200 day moving average price is $66.14. The company has a market capitalization of $81.33 billion, a PE ratio of 17.78, a P/E/G 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, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06.

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

Mondelez International declared that its Board of Directors has initiated a stock repurchase program on Wednesday, December 11th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Mondelez International Dividend Announcement

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