Fortitude Family Office LLC Grows Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Fortitude Family Office LLC raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 12.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,856 shares of the company’s stock after purchasing an additional 202 shares during the period. Fortitude Family Office LLC’s holdings in Mondelez International were worth $111,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of MDLZ. Private Advisor Group LLC lifted its position in shares of Mondelez International by 4.1% during the second quarter. Private Advisor Group LLC now owns 57,102 shares of the company’s stock worth $3,737,000 after acquiring an additional 2,270 shares in the last quarter. Andra AP fonden lifted its holdings in Mondelez International by 15.3% during the 2nd quarter. Andra AP fonden now owns 101,900 shares of the company’s stock worth $6,668,000 after purchasing an additional 13,500 shares in the last quarter. MGO One Seven LLC boosted its stake in Mondelez International by 1.6% in the 2nd quarter. MGO One Seven LLC now owns 15,857 shares of the company’s stock worth $1,038,000 after purchasing an additional 251 shares during the period. HHM Wealth Advisors LLC grew its holdings in Mondelez International by 309.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 1,637 shares of the company’s stock valued at $107,000 after buying an additional 1,237 shares in the last quarter. Finally, LPL Financial LLC increased its position in shares of Mondelez International by 4.3% during the second quarter. LPL Financial LLC now owns 1,381,246 shares of the company’s stock valued at $90,389,000 after buying an additional 57,159 shares during the period. Institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on MDLZ. Citigroup cut their price objective 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. Bank of America boosted their price target on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $61.00 price objective (down previously from $74.00) on shares of Mondelez International in a research report on Tuesday. Evercore ISI lifted their price objective on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Finally, Redburn Atlantic assumed coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price on the stock. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $77.64.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $58.29 on Friday. The company has a market capitalization of $77.95 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 2.80 and a beta of 0.54. The business has a 50 day moving average of $62.83 and a 200 day moving average of $67.65. 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, Inc. has a 1-year low of $57.67 and a 1-year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data 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 firm had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. During the same period in the previous year, the business posted $0.82 EPS. The business’s quarterly revenue was up 1.9% on a year-over-year basis. On average, sell-side analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.47 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.23%. Mondelez International’s dividend payout ratio (DPR) is currently 66.67%.

Mondelez International announced that its board has authorized a share repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

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.