Johnson & White Wealth Management LLC Acquires New Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Johnson & White Wealth Management LLC purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 6,765 shares of the company’s stock, valued at approximately $403,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Mizuho Securities USA LLC raised its holdings in shares of Mondelez International by 12,057.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after purchasing an additional 12,470,573 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Mondelez International by 40.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock worth $1,094,557,000 after purchasing an additional 4,794,746 shares during the period. Ilex Capital Partners UK LLP purchased a new position in shares of Mondelez International in the 3rd quarter worth about $219,045,000. FMR LLC raised its holdings in shares of Mondelez International by 14.2% in the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after purchasing an additional 2,268,639 shares during the period. Finally, Holocene Advisors LP purchased a new position in shares of Mondelez International in the 3rd quarter worth about $159,823,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MDLZ has been the topic of a number of research reports. Redburn Atlantic initiated coverage on Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective on the stock. Stifel Nicolaus raised their target price on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 25th. Citigroup dropped their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Evercore ISI raised their target price on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Finally, Bank of America raised their target price on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.64.

Mondelez International Price Performance

MDLZ stock opened at $56.17 on Tuesday. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 52-week low of $55.97 and a 52-week high of $77.20. The stock’s 50 day moving average is $62.34 and its two-hundred day moving average is $67.50. The company has a market capitalization of $75.11 billion, a PE ratio of 19.92, a P/E/G ratio of 2.80 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its 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 during 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 business’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.82 EPS. Analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be given a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.35%. Mondelez International’s payout ratio is 66.67%.

Mondelez International declared that its Board of Directors has approved a stock repurchase program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

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.