Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by CFS Investment Advisory Services LLC

CFS Investment Advisory Services LLC increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 21.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,089 shares of the company’s stock after purchasing an additional 910 shares during the period. CFS Investment Advisory Services LLC’s holdings in Mondelez International were worth $304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Truvestments Capital LLC purchased a new stake in shares of Mondelez International in the third quarter valued at about $25,000. Prospera Private Wealth LLC purchased a new stake in Mondelez International in the 3rd quarter valued at approximately $27,000. Richardson Financial Services Inc. increased its position in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares during the period. Highline Wealth Partners LLC purchased a new position in shares of Mondelez International during the 3rd quarter worth approximately $38,000. Finally, Albion Financial Group UT purchased a new stake in shares of Mondelez International in the fourth quarter valued at approximately $38,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $57.42 on Friday. Mondelez International, Inc. has a 1-year low of $55.97 and a 1-year high of $77.20. The firm has a 50 day simple moving average of $60.74 and a 200-day simple moving average of $66.93. The firm has a market cap of $76.78 billion, a PE ratio of 20.36, a P/E/G ratio of 2.96 and a beta of 0.54. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42.

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, topping analysts’ consensus estimates of $0.85 by $0.14. The company 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 business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 EPS. On average, equities analysts expect that Mondelez International, Inc. will post 3.45 EPS for the current year.

Mondelez International declared that its Board of Directors has authorized a stock buyback 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 stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is 66.67%.

Analysts Set New Price Targets

A number of equities research analysts have commented on MDLZ shares. Piper Sandler reduced their target price on Mondelez International from $84.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Redburn Atlantic assumed coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective on the stock. Citigroup dropped their target price on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft decreased their price target on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday. Finally, Bank of America raised their price objective on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average price target of $73.06.

Mondelez International Company 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.