Boomfish Wealth Group LLC Has $1.41 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Boomfish Wealth Group LLC raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 25.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 23,623 shares of the company’s stock after acquiring an additional 4,819 shares during the quarter. Boomfish Wealth Group LLC’s holdings in Mondelez International were worth $1,411,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its position in shares of Mondelez International by 5.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 103,824 shares of the company’s stock valued at $6,794,000 after purchasing an additional 5,777 shares during the period. Sanctuary Advisors LLC bought a new stake in Mondelez International in the 2nd quarter valued at $19,061,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Mondelez International in the 2nd quarter valued at $8,059,000. Jacobs & Co. CA lifted its holdings in shares of Mondelez International by 7.1% during the 3rd quarter. Jacobs & Co. CA now owns 119,136 shares of the company’s stock worth $8,776,000 after acquiring an additional 7,854 shares during the period. Finally, Cascade Investment Advisors Inc. boosted its position in shares of Mondelez International by 3.2% during the 3rd quarter. Cascade Investment Advisors Inc. now owns 17,925 shares of the company’s stock valued at $1,321,000 after acquiring an additional 550 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of MDLZ stock opened at $58.41 on Friday. The firm’s 50 day moving average price is $60.34 and its two-hundred day moving average price is $66.77. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. Mondelez International, Inc. has a 52-week low of $55.97 and a 52-week high of $77.20. The stock has a market cap of $78.11 billion, a PE ratio of 20.71, a PEG ratio of 3.05 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.14. The business had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the company earned $0.82 EPS. As a group, analysts forecast that Mondelez International, Inc. will post 3.44 EPS for the current year.

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

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is currently 66.67%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research note on Wednesday, January 22nd. The Goldman Sachs Group decreased their price target on Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Stifel Nicolaus lowered their price target on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Piper Sandler cut their price objective on Mondelez International from $84.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Finally, Bank of America upped their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $73.18.

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.