Mondelez International, Inc. (NASDAQ:MDLZ) Stock Position Increased by Patriot Investment Management Group Inc.

Patriot Investment Management Group Inc. raised its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,487 shares of the company’s stock after purchasing an additional 241 shares during the quarter. Patriot Investment Management Group Inc.’s holdings in Mondelez International were worth $268,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Axiom Advisory LLC raised its stake in shares of Mondelez International by 1.6% during the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock valued at $643,000 after purchasing an additional 143 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its stake in shares of Mondelez International by 16.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock worth $78,000 after acquiring an additional 150 shares during the period. Carnegie Investment Counsel boosted its holdings in shares of Mondelez International by 1.4% in the third quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock valued at $811,000 after acquiring an additional 151 shares in the last quarter. SeaCrest Wealth Management LLC increased its stake in shares of Mondelez International by 1.3% during the third quarter. SeaCrest Wealth Management LLC now owns 12,130 shares of the company’s stock valued at $894,000 after acquiring an additional 156 shares during the period. Finally, Quent Capital LLC raised its holdings in Mondelez International by 5.5% during the third quarter. Quent Capital LLC now owns 3,047 shares of the company’s stock worth $225,000 after purchasing an additional 160 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Citigroup dropped their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. UBS Group reduced their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Jefferies Financial Group downgraded Mondelez International from a “buy” rating to a “hold” rating and dropped their target price for the company from $75.00 to $62.00 in a report on Tuesday. Wells Fargo & Company restated an “equal weight” rating and set a $61.00 price target (down from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. Finally, Stifel Nicolaus boosted their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 25th. 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.81.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $56.96 on Friday. Mondelez International, Inc. has a one year low of $55.97 and a one year high of $77.20. 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 business has a fifty day simple moving average of $61.05 and a 200 day simple moving average of $67.06. The firm has a market capitalization of $76.17 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 2.96 and a beta of 0.54.

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

Mondelez International announced that its Board of Directors has authorized a stock buyback 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 management believes its shares are undervalued.

Mondelez International Dividend Announcement

The business also recently disclosed 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 3.30%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s payout ratio is 66.67%.

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.