Paragon Financial Partners Inc. Has $356,000 Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Paragon Financial Partners Inc. decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 48.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,965 shares of the company’s stock after selling 5,601 shares during the period. Paragon Financial Partners Inc.’s holdings in Mondelez International were worth $356,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MDLZ. Truvestments Capital LLC bought a new position in shares of Mondelez International during the 3rd quarter worth about $25,000. Prospera Private Wealth LLC bought a new position in shares of Mondelez International during the 3rd quarter worth about $27,000. Richardson Financial Services Inc. increased its holdings in shares of Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares during the period. Highline Wealth Partners LLC bought a new position in shares of Mondelez International during the 3rd quarter worth about $38,000. Finally, Hara Capital LLC bought a new position in shares of Mondelez International during the 3rd quarter worth about $45,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on MDLZ shares. The Goldman Sachs Group lowered their target price on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday. Bank of America upped their target price on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Evercore ISI upped their target price on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Finally, UBS Group lowered their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $73.81.

Mondelez International Price Performance

Shares of MDLZ stock opened at $56.31 on Thursday. Mondelez International, Inc. has a 1 year low of $55.97 and a 1 year high of $77.20. The firm’s 50 day moving average is $61.25 and its 200-day moving average is $67.13. The firm has a market capitalization of $75.30 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 3.12 and a beta of 0.54. 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 (NASDAQ:MDLZ) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same period in the prior year, the business earned $0.82 earnings per share. Mondelez International’s quarterly revenue was up 1.9% on a year-over-year basis. Sell-side analysts forecast that Mondelez International, Inc. will post 3.46 EPS for the current fiscal year.

Mondelez International declared that its Board of Directors has authorized a stock 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 purchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.34%. Mondelez International’s payout ratio is 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.