Foundations Investment Advisors LLC Has $243,000 Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Foundations Investment Advisors LLC increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 15.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,063 shares of the company’s stock after purchasing an additional 555 shares during the period. Foundations Investment Advisors LLC’s holdings in Mondelez International were worth $243,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MDLZ. Truvestments Capital LLC bought a new position in Mondelez International in the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC bought a new position in Mondelez International during the third quarter worth $27,000. Richardson Financial Services Inc. raised its stake in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. Highline Wealth Partners LLC bought a new stake in Mondelez International in the 3rd quarter valued at $38,000. Finally, Hara Capital LLC acquired a new stake in Mondelez International in the 3rd quarter worth $45,000. Institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus reduced their target price on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Royal Bank of Canada reissued an “outperform” rating and set a $75.00 price objective on shares of Mondelez International in a report on Thursday. Bank of America upped their target price on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group decreased their price target on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and dropped their price objective for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Six investment 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, the company has an average rating of “Moderate Buy” and a consensus price target of $72.76.

Mondelez International Trading Down 0.7 %

MDLZ stock opened at $57.99 on Friday. The business has a fifty day moving average price of $60.22 and a 200 day moving average price of $66.71. 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 fifty-two week low of $55.97 and a fifty-two week high of $77.20. The stock has a market capitalization of $77.54 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 3.05 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. The company had revenue of $9.20 billion during 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 firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company posted $0.82 earnings per share. Analysts expect that Mondelez International, Inc. will post 3.44 EPS for the current fiscal 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 dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.24%. Mondelez International’s dividend payout ratio (DPR) is currently 66.67%.

Mondelez International declared that its Board of Directors has approved a share buyback plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board 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.