HB Wealth Management LLC Buys 7,087 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

HB Wealth Management LLC raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 9.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 80,808 shares of the company’s stock after purchasing an additional 7,087 shares during the quarter. HB Wealth Management LLC’s holdings in Mondelez International were worth $4,827,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of MDLZ. Alhambra Investment Management LLC increased its stake in Mondelez International by 18.6% in the 4th quarter. Alhambra Investment Management LLC now owns 6,354 shares of the company’s stock valued at $380,000 after buying an additional 998 shares during the last quarter. Integrated Investment Consultants LLC purchased a new stake in shares of Mondelez International during the fourth quarter valued at approximately $749,000. Avanza Fonder AB bought a new stake in Mondelez International during the fourth quarter worth $8,280,000. Tompkins Financial Corp boosted its position in Mondelez International by 111.9% in the fourth quarter. Tompkins Financial Corp now owns 7,861 shares of the company’s stock worth $470,000 after purchasing an additional 4,152 shares during the last quarter. Finally, Empirical Asset Management LLC grew its stake in Mondelez International by 130.3% in the 4th quarter. Empirical Asset Management LLC now owns 53,742 shares of the company’s stock valued at $3,210,000 after purchasing an additional 30,410 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 0.2 %

Shares of Mondelez International stock opened at $57.86 on Friday. The company’s 50-day moving average price is $61.59 and its 200-day moving average price is $67.24. 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 12-month low of $55.97 and a 12-month high of $77.20. The company has a market cap of $77.37 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 2.99 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results 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. The business had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 EPS. On average, equities analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

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

Mondelez International declared that its Board of Directors has approved a stock buyback program on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Citigroup lowered their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. UBS Group dropped their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday. Bank of America raised their price target on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group reduced their price objective on Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft lowered Mondelez International from a “buy” rating to a “hold” rating and lowered their target price for the company from $78.00 to $67.00 in a research note on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and a consensus target price of $74.93.

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.