RWA Wealth Partners LLC Buys 1,131 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

RWA Wealth Partners LLC boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 7.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,712 shares of the company’s stock after buying an additional 1,131 shares during the quarter. RWA Wealth Partners LLC’s holdings in Mondelez International were worth $998,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in MDLZ. United Bank raised its position in Mondelez International by 12.7% during the third quarter. United Bank now owns 22,649 shares of the company’s stock worth $1,669,000 after acquiring an additional 2,549 shares in the last quarter. Cobblestone Capital Advisors LLC NY boosted its stake in Mondelez International by 25.6% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 3,993 shares of the company’s stock valued at $294,000 after purchasing an additional 815 shares during the period. Erste Asset Management GmbH acquired a new position in shares of Mondelez International in the third quarter valued at about $2,337,000. FSA Wealth Management LLC acquired a new position in shares of Mondelez International during the 3rd quarter worth approximately $47,000. Finally, Kestra Investment Management LLC bought a new position in Mondelez International during the 3rd quarter worth $225,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $67.85 on Tuesday. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company’s 50-day moving average is $62.45 and its 200 day moving average is $64.70. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The company has a market capitalization of $87.77 billion, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (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%. On average, equities research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International announced that its Board of Directors has initiated a share repurchase 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 management believes its stock is undervalued.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.77%. Mondelez International’s payout ratio is 54.97%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Royal Bank of Canada decreased their target price on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Wells Fargo & Company decreased their price target on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. The Goldman Sachs Group lowered their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Argus downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Jefferies Financial Group lowered shares of Mondelez International from a “buy” rating to a “hold” rating and lowered their price objective for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.50.

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.