Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by CFS Investment Advisory Services LLC

CFS Investment Advisory Services LLC raised its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 21.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,089 shares of the company’s stock after purchasing an additional 910 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in Mondelez International were worth $304,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. MBB Public Markets I LLC lifted its stake in Mondelez International by 910.6% during the 2nd quarter. MBB Public Markets I LLC now owns 96,926 shares of the company’s stock worth $6,343,000 after acquiring an additional 87,335 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Mondelez International by 2.1% during the second quarter. The Manufacturers Life Insurance Company now owns 897,335 shares of the company’s stock worth $58,722,000 after purchasing an additional 18,044 shares during the period. Lighthouse Investment Partners LLC acquired a new stake in shares of Mondelez International during the second quarter worth about $3,599,000. Legal & General Group Plc boosted its stake in shares of Mondelez International by 2.6% in the second quarter. Legal & General Group Plc now owns 11,452,735 shares of the company’s stock valued at $749,467,000 after purchasing an additional 293,773 shares during the period. Finally, Alethea Capital Management LLC acquired a new position in shares of Mondelez International in the second quarter valued at approximately $479,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Up 0.8 %

MDLZ opened at $57.42 on Friday. Mondelez International, Inc. has a one year low of $55.97 and a one year high of $77.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The stock has a market capitalization of $76.78 billion, a P/E ratio of 20.36, a price-to-earnings-growth ratio of 2.96 and a beta of 0.54. The business’s 50-day simple moving average is $60.74 and its 200-day simple moving average is $66.93.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.85 by $0.14. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 earnings per share. Analysts anticipate that Mondelez International, Inc. will post 3.45 EPS for the current year.

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

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.27%. Mondelez International’s dividend payout ratio (DPR) is 66.67%.

Analyst Ratings Changes

A number of research firms have issued reports on MDLZ. Piper Sandler reduced their target price on shares of Mondelez International from $84.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Stifel Nicolaus decreased their target price on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a report on Friday. Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and lowered their target price for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft reduced their price target on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $61.00 price objective (down from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.06.

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.