Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Perigon Wealth Management LLC

Perigon Wealth Management LLC increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 11.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,727 shares of the company’s stock after buying an additional 1,425 shares during the quarter. Perigon Wealth Management LLC’s holdings in Mondelez International were worth $796,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its holdings in shares of Mondelez International by 6.3% during 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 purchasing an additional 4,177 shares during the last quarter. Cascade Investment Advisors Inc. raised its stake in shares of Mondelez International by 1.7% during the 4th 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 during the last quarter. Foundations Investment Advisors LLC lifted its holdings in shares of Mondelez International by 15.8% in the 4th quarter. Foundations Investment Advisors LLC now owns 4,063 shares of the company’s stock valued at $243,000 after buying an additional 555 shares during the period. Mount Yale Investment Advisors LLC purchased a new stake in shares of Mondelez International in the fourth quarter worth about $748,000. Finally, Union Bancaire Privee UBP SA acquired a new stake in Mondelez International during the fourth quarter worth about $113,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Down 0.7 %

Shares of NASDAQ MDLZ opened at $57.99 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. The company has a 50-day moving average of $60.22 and a 200 day moving average of $66.71. Mondelez International, Inc. has a 12-month low of $55.97 and a 12-month high of $77.20. The stock has a market cap of $77.54 billion, a PE ratio of 20.56, a P/E/G 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 EPS for the quarter, beating the consensus estimate of $0.85 by $0.14. The firm had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.82 earnings per share. As a group, sell-side analysts predict that Mondelez International, Inc. will post 3.44 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.24%. Mondelez International’s payout ratio is 66.67%.

Mondelez International declared that its Board of Directors has approved a share repurchase program on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Piper Sandler lowered Mondelez International from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $70.00 to $63.00 in a research report on Friday. Stifel Nicolaus lowered their price target on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Bank of America lifted their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. UBS Group lowered their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Redburn Atlantic initiated coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target for the company. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $72.76.

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.