McAdam LLC Raises Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

McAdam LLC boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,483 shares of the company’s stock after buying an additional 250 shares during the period. McAdam LLC’s holdings in Mondelez International were worth $208,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Truvestments Capital LLC acquired a new stake in shares of Mondelez International during the third quarter worth $25,000. Prospera Private Wealth LLC purchased a new position in Mondelez International in the 3rd quarter worth $27,000. Richardson Financial Services Inc. lifted 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 acquiring an additional 200 shares during the period. Highline Wealth Partners LLC purchased a new stake in Mondelez International during the 3rd quarter valued at about $38,000. Finally, Hara Capital LLC acquired a new position in shares of Mondelez International in the third quarter valued at about $45,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 1.0 %

Shares of NASDAQ MDLZ opened at $57.41 on Tuesday. The stock has a market cap of $76.77 billion, a P/E ratio of 20.36, a PEG ratio of 3.12 and a beta of 0.54. The business’s fifty day simple moving average is $60.09 and its 200-day simple moving average is $66.67. Mondelez International, Inc. has a 12-month low of $55.97 and a 12-month high of $76.69. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid 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 payout ratio is 66.67%.

Mondelez International announced that its Board of Directors has authorized 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 repurchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms recently commented on MDLZ. Jefferies Financial Group downgraded Mondelez International from a “buy” rating to a “hold” rating and decreased their target price for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. Bank of America upped their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Wells Fargo & Company reissued an “equal weight” rating and set a $61.00 target price (down previously from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. The Goldman Sachs Group lowered their price target on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Stifel Nicolaus reduced their price objective on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.76.

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.