Southland Equity Partners LLC Buys 2,132 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Southland Equity Partners LLC boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 34.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,345 shares of the company’s stock after buying an additional 2,132 shares during the quarter. Southland Equity Partners LLC’s holdings in Mondelez International were worth $498,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MDLZ. Truvestments Capital LLC bought a new position in Mondelez International in the third quarter valued at approximately $25,000. Prospera Private Wealth LLC acquired a new position in shares of Mondelez International in the 3rd quarter valued at $27,000. Richardson Financial Services Inc. boosted its position in shares of Mondelez International by 100.0% in 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 last quarter. Highline Wealth Partners LLC bought a new stake in Mondelez International in the third quarter valued at about $38,000. Finally, Albion Financial Group UT bought a new stake in Mondelez International in the fourth quarter valued at about $38,000. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MDLZ shares. Stifel Nicolaus boosted their target price on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Redburn Atlantic started coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective for the company. The Goldman Sachs Group cut their target price on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Jefferies Financial Group lowered shares of Mondelez International from a “buy” rating to a “hold” rating and decreased their price target for the company from $75.00 to $62.00 in a report on Tuesday. Finally, UBS Group reduced their target price on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and a consensus target price of $73.81.

Mondelez International Stock Up 1.2 %

Mondelez International stock opened at $56.96 on Friday. 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, Inc. has a 1-year low of $55.97 and a 1-year high of $77.20. The company has a fifty day simple moving average of $61.05 and a 200 day simple moving average of $67.06. The company has a market cap of $76.17 billion, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 2.96 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter last year, the company earned $0.82 EPS. Mondelez International’s revenue for the quarter was up 1.9% compared to the same quarter last year. Research analysts anticipate that Mondelez International, Inc. will post 3.45 earnings per share for the current fiscal year.

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

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders 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 dividend yield of 3.30%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio is currently 66.67%.

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.