Regent Peak Wealth Advisors LLC Has $204,000 Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Regent Peak Wealth Advisors LLC cut its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,412 shares of the company’s stock after selling 294 shares during the period. Regent Peak Wealth Advisors LLC’s holdings in Mondelez International were worth $204,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MDLZ. Truvestments Capital LLC acquired a new position in Mondelez International during the third quarter worth approximately $25,000. Prospera Private Wealth LLC acquired a new position in shares of Mondelez International during the 3rd quarter worth approximately $27,000. Richardson Financial Services Inc. raised its stake in Mondelez International by 100.0% in the 3rd 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. Highline Wealth Partners LLC acquired a new stake in Mondelez International during the 3rd quarter valued at $38,000. Finally, Hara Capital LLC bought a new position in Mondelez International during the third quarter worth $45,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Price Performance

Mondelez International stock traded up $0.62 during trading hours on Tuesday, reaching $58.84. 4,436,342 shares of the stock were exchanged, compared to its average volume of 6,667,564. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a twelve month low of $57.81 and a twelve month high of $77.20. The company has a market cap of $78.68 billion, a P/E ratio of 20.87, a price-to-earnings-growth ratio of 2.80 and a beta of 0.54. The stock has a 50 day moving average of $63.48 and a two-hundred day moving average of $67.84.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same quarter last year, the business posted $0.82 EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. Equities analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.20%. Mondelez International’s dividend payout ratio (DPR) is currently 66.67%.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Mondelez International from a “buy” rating to a “hold” rating and dropped their price objective for the company from $78.00 to $67.00 in a research report on Thursday, December 12th. Wells Fargo & Company restated 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. Redburn Atlantic initiated coverage on Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price on the stock. Evercore ISI lifted their price target on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Finally, Bank of America upped their price objective on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $78.14.

Mondelez International Company 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.