Stratos Wealth Partners LTD. Purchases 1,348 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Stratos Wealth Partners LTD. boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 61,407 shares of the company’s stock after buying an additional 1,348 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Mondelez International were worth $3,668,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MDLZ. Czech National Bank boosted its stake in Mondelez International by 6.5% in the fourth quarter. Czech National Bank now owns 289,931 shares of the company’s stock worth $17,318,000 after buying an additional 17,815 shares in the last quarter. Legacy Private Trust Co. raised its position in Mondelez International by 33.2% during the 4th quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock valued at $229,000 after purchasing an additional 957 shares during the last quarter. Kennedy Investment Group purchased a new stake in Mondelez International in the fourth quarter worth $313,000. Benjamin Edwards Inc. lifted its position in shares of Mondelez International by 1,904.9% in the 3rd quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company’s stock worth $31,369,000 after purchasing an additional 404,567 shares during the period. Finally, Kingsview Wealth Management LLC boosted its position in Mondelez International by 14.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock valued at $8,430,000 after acquiring an additional 14,278 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Price Performance

MDLZ stock opened at $57.83 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a fifty day simple moving average of $59.61 and a two-hundred day simple moving average of $66.47. The firm has a market capitalization of $77.33 billion, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. Analysts anticipate that Mondelez International, Inc. will post 3.44 earnings per share for the current fiscal year.

Mondelez International announced that its Board of Directors has authorized a stock repurchase program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Redburn Atlantic began coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price on the stock. The Goldman Sachs Group decreased their price target on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday. Bank of America lifted their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. UBS Group lowered their price objective 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, January 16th. Finally, Citigroup decreased their price objective 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. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.76.

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.