Monterey Private Wealth Inc. Has $215,000 Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Monterey Private Wealth Inc. lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,592 shares of the company’s stock after purchasing an additional 269 shares during the quarter. Monterey Private Wealth Inc.’s holdings in Mondelez International were worth $215,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Truvestments Capital LLC acquired a new position in Mondelez International in the third quarter worth about $25,000. Prospera Private Wealth LLC bought a new stake in shares of Mondelez International in the 3rd quarter valued at approximately $27,000. Richardson Financial Services Inc. raised its holdings in shares of Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares in the last quarter. Highline Wealth Partners LLC bought a new position in shares of Mondelez International during the 3rd quarter worth approximately $38,000. Finally, Hara Capital LLC acquired a new stake in Mondelez International in the 3rd quarter valued at $45,000. 78.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of analyst reports. Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and cut their price objective for the company from $75.00 to $62.00 in a report on Tuesday. Evercore ISI boosted their price target on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. UBS Group dropped their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Stifel Nicolaus increased their price target on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, 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 research report on Thursday, January 16th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.13.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ opened at $57.86 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 1-year low of $55.97 and a 1-year high of $77.20. The stock has a market capitalization of $77.37 billion, a P/E ratio of 20.52, a P/E/G ratio of 3.12 and a beta of 0.54. The business has a 50-day moving average price of $61.43 and a two-hundred day moving average price of $67.20.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share 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 business had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. Mondelez International’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities analysts predict that Mondelez International, Inc. will post 3.47 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is currently 66.67%.

Mondelez International announced that its Board of Directors has approved a share repurchase program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 10.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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.