Mondelez International, Inc. (NASDAQ:MDLZ) Holdings Lifted by AdvisorNet Financial Inc

AdvisorNet Financial Inc boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 23.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,877 shares of the company’s stock after buying an additional 934 shares during the period. AdvisorNet Financial Inc’s holdings in Mondelez International were worth $291,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Axiom Advisory LLC increased its holdings in shares of Mondelez International by 1.6% in the 3rd quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock valued at $643,000 after purchasing an additional 143 shares during the period. Hazlett Burt & Watson Inc. grew its position in Mondelez International by 16.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock valued at $78,000 after purchasing an additional 150 shares in the last quarter. Carnegie Investment Counsel increased its stake in Mondelez International by 1.4% in the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock valued at $811,000 after buying an additional 151 shares during the period. SeaCrest Wealth Management LLC lifted its position in Mondelez International by 1.3% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 12,130 shares of the company’s stock worth $894,000 after buying an additional 156 shares in the last quarter. Finally, Quent Capital LLC boosted its stake in shares of Mondelez International by 5.5% during the 3rd quarter. Quent Capital LLC now owns 3,047 shares of the company’s stock valued at $225,000 after buying an additional 160 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MDLZ shares. 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. Deutsche Bank Aktiengesellschaft downgraded Mondelez International from a “buy” rating to a “hold” rating and cut their price target for the stock from $78.00 to $67.00 in a research note on Thursday, December 12th. Bank of America boosted their price target on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Stifel Nicolaus raised 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. Finally, Citigroup decreased their target price on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $74.93.

Mondelez International Trading Up 2.4 %

Mondelez International stock opened at $58.00 on Friday. Mondelez International, Inc. has a 52 week low of $55.97 and a 52 week high of $77.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The firm has a market capitalization of $77.56 billion, a PE ratio of 20.57, a PEG ratio of 2.99 and a beta of 0.54. The business’s 50-day simple moving average is $61.91 and its 200-day simple moving average is $67.36.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same quarter last year, the firm posted $0.82 EPS. The company’s revenue was up 1.9% on a year-over-year basis. Equities research analysts forecast that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

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

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.24%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s 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.