BSW Wealth Partners Takes $249,000 Position in Mondelez International, Inc. (NASDAQ:MDLZ)

BSW Wealth Partners bought a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,172 shares of the company’s stock, valued at approximately $249,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Perigon Wealth Management LLC grew its stake in shares of Mondelez International by 11.6% in the 4th quarter. Perigon Wealth Management LLC now owns 13,727 shares of the company’s stock worth $796,000 after purchasing an additional 1,425 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its position in Mondelez International by 6.3% in the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 70,998 shares of the company’s stock worth $4,241,000 after buying an additional 4,177 shares during the last quarter. Cascade Investment Advisors Inc. increased its holdings in shares of Mondelez International by 1.7% in the fourth quarter. Cascade Investment Advisors Inc. now owns 18,225 shares of the company’s stock valued at $1,089,000 after buying an additional 300 shares in the last quarter. Foundations Investment Advisors LLC lifted its position in shares of Mondelez International by 15.8% during the 4th quarter. Foundations Investment Advisors LLC now owns 4,063 shares of the company’s stock valued at $243,000 after acquiring an additional 555 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC bought a new stake in shares of Mondelez International during the 4th quarter worth $748,000. 78.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Bank of America upped 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. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a report on Wednesday, January 22nd. Citigroup cut their price target 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. UBS Group lowered their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $61.00 target price (down previously from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. Five research 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, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.06.

Mondelez International Stock Performance

Shares of MDLZ opened at $57.13 on Thursday. The firm has a market cap of $76.39 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 2.96 and a beta of 0.54. The company’s fifty day moving average is $60.49 and its 200-day moving average is $66.84. 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 12 month low of $55.97 and a 12 month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted 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. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. During the same period in the prior year, the business posted $0.82 earnings per share. The business’s quarterly revenue was up 1.9% on a year-over-year basis. Equities analysts expect that Mondelez International, Inc. will post 3.45 EPS for the current fiscal year.

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

Mondelez International Dividend Announcement

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

Mondelez International 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.