Marcum Wealth LLC Has $259,000 Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Marcum Wealth LLC reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 34.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,337 shares of the company’s stock after selling 2,249 shares during the quarter. Marcum Wealth LLC’s holdings in Mondelez International were worth $259,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in MDLZ. Truvestments Capital LLC bought a new position in shares of Mondelez International in the third quarter valued at about $25,000. Prospera Private Wealth LLC bought a new stake in shares of Mondelez International during the third quarter worth approximately $27,000. Richardson Financial Services Inc. boosted its holdings in shares of Mondelez International by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after acquiring an additional 200 shares during the period. Highline Wealth Partners LLC acquired a new position in shares of Mondelez International in the third quarter valued at approximately $38,000. Finally, Hara Capital LLC bought a new position in shares of Mondelez International during the third quarter worth approximately $45,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

MDLZ has been the topic of several recent research reports. Citigroup lowered their target price on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Stifel Nicolaus upped their target price on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Bank of America increased their target price on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Evercore ISI boosted their price target on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Finally, Redburn Atlantic initiated coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Mondelez International has an average rating of “Moderate Buy” and a consensus price target of $76.79.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $57.10 on Wednesday. The stock has a market capitalization of $76.35 billion, a PE ratio of 20.25, a PEG ratio of 2.80 and a beta of 0.54. The business’s 50 day simple moving average is $62.11 and its 200 day simple moving average is $67.44. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. Mondelez International, Inc. has a one year low of $55.97 and a one year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating 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 for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.82 EPS. As a group, research analysts forecast that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International announced that its Board of Directors has approved a share buyback plan on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is currently 66.67%.

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.