Mondelez International, Inc. (NASDAQ:MDLZ) Stock Position Increased by Nicholson Wealth Management Group LLC

Nicholson Wealth Management Group LLC lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 111.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,497 shares of the company’s stock after buying an additional 12,898 shares during the period. Nicholson Wealth Management Group LLC’s holdings in Mondelez International were worth $1,463,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Mattern Capital Management LLC raised its stake in shares of Mondelez International by 10.9% in the 4th quarter. Mattern Capital Management LLC now owns 123,519 shares of the company’s stock worth $7,378,000 after buying an additional 12,123 shares in the last quarter. Flossbach Von Storch SE raised its position in shares of Mondelez International by 1.0% during the fourth quarter. Flossbach Von Storch SE now owns 193,884 shares of the company’s stock worth $11,581,000 after purchasing an additional 1,900 shares during the period. Morningstar Investment Management LLC raised its position in shares of Mondelez International by 5.8% during the fourth quarter. Morningstar Investment Management LLC now owns 21,964 shares of the company’s stock worth $1,312,000 after purchasing an additional 1,195 shares during the period. Advyzon Investment Management LLC acquired a new stake in shares of Mondelez International during the fourth quarter worth $218,000. Finally, Handelsbanken Fonder AB raised its position in shares of Mondelez International by 9.1% during the fourth quarter. Handelsbanken Fonder AB now owns 612,961 shares of the company’s stock worth $36,612,000 after purchasing an additional 50,970 shares during the period. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $62.17 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The stock’s 50-day moving average is $58.92 and its two-hundred day moving average is $65.94. The firm has a market cap of $80.42 billion, a P/E ratio of 18.18, a PEG ratio of 4.32 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio is 54.97%.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MDLZ shares. The Goldman Sachs Group cut their target price on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Wells Fargo & Company cut their target price on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft cut their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. Citigroup cut their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada dropped their price target on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.74.

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.