Capital Asset Advisory Services LLC Boosts Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Capital Asset Advisory Services LLC grew its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,268 shares of the company’s stock after acquiring an additional 202 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Mondelez International were worth $1,333,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. increased its stake in Mondelez International by 17.2% during the 4th quarter. Blue Trust Inc. now owns 51,196 shares of the company’s stock valued at $3,058,000 after purchasing an additional 7,508 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of Mondelez International by 13.7% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 7,993 shares of the company’s stock valued at $477,000 after buying an additional 965 shares during the last quarter. Stablepoint Partners LLC grew its holdings in shares of Mondelez International by 3.6% during the fourth quarter. Stablepoint Partners LLC now owns 40,803 shares of the company’s stock valued at $2,437,000 after buying an additional 1,399 shares during the last quarter. Clarendon Private LLC bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $288,000. Finally, Jamison Private Wealth Management Inc. raised its holdings in Mondelez International by 1.8% in the 4th quarter. Jamison Private Wealth Management Inc. now owns 30,675 shares of the company’s stock worth $1,832,000 after acquiring an additional 541 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Up 0.8 %

MDLZ stock opened at $57.42 on Monday. The business’s 50-day moving average price is $60.74 and its 200-day moving average price is $66.94. The stock has a market cap of $76.78 billion, a P/E ratio of 20.36, a PEG ratio of 2.96 and a beta of 0.54. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a twelve month low of $55.97 and a twelve month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results 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. The business had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.82 earnings per share. On average, equities research analysts forecast that Mondelez International, Inc. will post 3.45 EPS for the current year.

Mondelez International Dividend Announcement

The company also recently disclosed 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 of this dividend was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.27%. Mondelez International’s payout ratio is 66.67%.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on MDLZ. The Goldman Sachs Group reduced their target price on Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Redburn Atlantic assumed coverage on Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective for the company. Wells Fargo & Company restated an “equal weight” rating and set a $61.00 target price (down previously from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. Piper Sandler reduced their price target on shares of Mondelez International from $84.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Finally, Citigroup lowered their price objective 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. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $73.06.

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.