Wallace Advisory Group LLC Makes New $346,000 Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

Wallace Advisory Group LLC purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,787 shares of the company’s stock, valued at approximately $346,000.

Several other institutional investors and hedge funds have also made changes to their positions in MDLZ. Truvestments Capital LLC purchased a new position in Mondelez International during the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC acquired a new stake in shares of Mondelez International in the third quarter worth $27,000. Richardson Financial Services Inc. increased its stake in shares of Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after acquiring an additional 200 shares during the period. Highline Wealth Partners LLC purchased a new position in shares of Mondelez International during the third quarter worth $38,000. Finally, Hara Capital LLC acquired a new position in Mondelez International during the third quarter valued at $45,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MDLZ has been the topic of several analyst reports. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $61.00 price target (down from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft cut Mondelez International from a “buy” rating to a “hold” rating and reduced their price target for the company from $78.00 to $67.00 in a research report on Thursday, December 12th. Redburn Atlantic assumed coverage on Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective on the stock. Evercore ISI lifted their target price on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Finally, Stifel Nicolaus upped their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $77.64.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $56.17 on Tuesday. The business’s 50 day moving average price is $62.34 and its 200 day moving average price is $67.50. The company has a market cap of $75.11 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 2.80 and a beta of 0.54. 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 one year low of $55.97 and a one year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 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 company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.82 EPS. On average, research analysts predict that Mondelez International, Inc. will post 3.48 EPS for the current year.

Mondelez International announced that its board has approved a stock buyback plan on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be issued a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.35%. 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.