Mondelez International, Inc. (NASDAQ:MDLZ) Stake Raised by Sterling Investment Advisors Ltd.

Sterling Investment Advisors Ltd. increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,678 shares of the company’s stock after acquiring an additional 350 shares during the period. Sterling Investment Advisors Ltd.’s holdings in Mondelez International were worth $1,414,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. International Assets Investment Management LLC raised its stake in shares of Mondelez International by 8,591.9% during the 3rd quarter. International Assets Investment Management LLC now owns 806,085 shares of the company’s stock worth $59,384,000 after purchasing an additional 796,811 shares in the last quarter. Arkadios Wealth Advisors raised its stake in shares of Mondelez International by 64.0% during the 3rd quarter. Arkadios Wealth Advisors now owns 9,635 shares of the company’s stock worth $710,000 after purchasing an additional 3,760 shares in the last quarter. Modera Wealth Management LLC raised its stake in shares of Mondelez International by 37.9% during the 3rd quarter. Modera Wealth Management LLC now owns 69,999 shares of the company’s stock worth $5,157,000 after purchasing an additional 19,222 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Mondelez International by 1.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 161,345 shares of the company’s stock worth $11,885,000 after purchasing an additional 2,190 shares in the last quarter. Finally, Ridgepath Capital Management LLC raised its stake in shares of Mondelez International by 3.1% during the 3rd quarter. Ridgepath Capital Management LLC now owns 18,440 shares of the company’s stock worth $1,358,000 after purchasing an additional 563 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

MDLZ opened at $65.36 on Tuesday. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The firm has a market capitalization of $84.54 billion, a PE ratio of 19.11, a PEG ratio of 4.34 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The business’s 50-day simple moving average is $59.05 and its 200 day simple moving average is $65.83.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) 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%. As a group, sell-side analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International declared that its board has approved a stock repurchase plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.88%. Mondelez International’s dividend payout ratio is 54.97%.

Analysts Set New Price Targets

MDLZ has been the topic of a number of recent analyst reports. Argus downgraded Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday. Royal Bank of Canada lowered their target price on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Piper Sandler lowered Mondelez International from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $70.00 to $63.00 in a report on Friday, January 31st. Stifel Nicolaus lowered their target price on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Finally, The Goldman Sachs Group lowered their target price on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.