Sequoia Financial Advisors LLC Purchases 341 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Sequoia Financial Advisors LLC increased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 31,814 shares of the company’s stock after buying an additional 341 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Mondelez International were worth $1,900,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Natural Investments LLC bought a new stake in Mondelez International in the 4th quarter worth approximately $223,000. AGF Management Ltd. lifted its position in Mondelez International by 5.5% in the 4th quarter. AGF Management Ltd. now owns 1,694,580 shares of the company’s stock worth $101,217,000 after buying an additional 88,494 shares during the last quarter. GC Wealth Management RIA LLC lifted its position in Mondelez International by 2.7% in the 4th quarter. GC Wealth Management RIA LLC now owns 10,250 shares of the company’s stock worth $612,000 after buying an additional 273 shares during the last quarter. Cornerstone Advisors LLC lifted its position in Mondelez International by 1.8% in the 4th quarter. Cornerstone Advisors LLC now owns 69,100 shares of the company’s stock worth $4,127,000 after buying an additional 1,200 shares during the last quarter. Finally, Morton Community Bank lifted its position in Mondelez International by 2.4% in the 4th quarter. Morton Community Bank now owns 46,130 shares of the company’s stock worth $2,755,000 after buying an additional 1,075 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of several recent research reports. DZ Bank downgraded Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective for the company. in a research report on Friday, February 7th. Piper Sandler downgraded Mondelez International from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $70.00 to $63.00 in a research report on Friday, January 31st. Argus downgraded Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft lowered their price objective on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research report on Wednesday, January 22nd. Finally, Royal Bank of Canada lowered their price objective on Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a research report 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’s stock. According to MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average price target of $69.74.

Mondelez International Price Performance

Shares of MDLZ stock opened at $64.31 on Friday. The stock has a market cap of $83.19 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 4.34 and a beta of 0.50. The business’s fifty day moving average is $60.69 and its 200 day moving average is $65.42. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. 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 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%. Research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.92%. Mondelez International’s payout ratio is 54.97%.

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

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.