4,817 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Purchased by Clarendon Private LLC

Clarendon Private LLC acquired a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the 4th quarter, Holdings Channel.com reports. The fund acquired 4,817 shares of the company’s stock, valued at approximately $288,000.

Other large investors also recently bought and sold shares of the company. Truvestments Capital LLC bought a new position in Mondelez International during the third quarter worth $25,000. Prospera Private Wealth LLC bought a new position in shares of Mondelez International in the 3rd quarter worth about $27,000. Richardson Financial Services Inc. boosted 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 valued at $28,000 after buying an additional 200 shares during the period. Highline Wealth Partners LLC bought a new stake in shares of Mondelez International during the 3rd quarter valued at about $38,000. Finally, Albion Financial Group UT acquired a new stake in Mondelez International during the fourth quarter worth about $38,000. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research note on Wednesday. Jefferies Financial Group downgraded Mondelez International from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. Piper Sandler cut their target price on Mondelez International from $84.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Stifel Nicolaus reduced their price target on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a report on Friday. Finally, Bank of America increased their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $73.06.

Mondelez International Trading Up 0.8 %

Shares of MDLZ stock opened at $57.42 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The stock has a 50-day simple moving average of $60.74 and a 200 day simple moving average of $66.93. Mondelez International, Inc. has a fifty-two week low of $55.97 and a fifty-two week high of $77.20. The stock has a market capitalization of $76.78 billion, a P/E ratio of 20.36, a P/E/G ratio of 2.96 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter in the previous year, the company posted $0.82 EPS. The business’s revenue was up 1.9% compared to the same quarter last year. On average, sell-side analysts expect that Mondelez International, Inc. will post 3.45 earnings per share for the current fiscal year.

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

Mondelez International Dividend Announcement

The business 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 dividend payout ratio (DPR) is presently 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.