Kestra Private Wealth Services LLC Acquires 3,860 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Kestra Private Wealth Services LLC grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 14.9% in the fourth quarter, HoldingsChannel reports. The fund owned 29,728 shares of the company’s stock after purchasing an additional 3,860 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Mondelez International were worth $1,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Truvestments Capital LLC bought a new stake in shares of Mondelez International during the 3rd quarter valued at $25,000. Prospera Private Wealth LLC bought a new stake in shares of Mondelez International during the 3rd quarter valued at $27,000. Richardson Financial Services Inc. grew its position in shares of 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 acquiring an additional 200 shares during the period. Hager Investment Management Services LLC bought a new stake in shares of Mondelez International during the 4th quarter valued at $27,000. Finally, Highline Wealth Partners LLC bought a new stake in shares of Mondelez International during the 3rd quarter valued at $38,000. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

MDLZ has been the topic of a number of analyst reports. Bank of America lifted their target price on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and lowered their target price for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Redburn Atlantic initiated coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price on the stock. DZ Bank cut shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price on the stock. in a research note on Friday, February 7th. Finally, Barclays lowered their target price on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $69.72.

Mondelez International Stock Up 3.3 %

Shares of MDLZ stock opened at $60.45 on Wednesday. The company’s fifty day simple moving average is $59.20 and its two-hundred day simple moving average is $66.30. The company has a quick ratio of 0.42, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock has a market cap of $80.83 billion, a P/E ratio of 17.68, a PEG ratio of 4.04 and a beta of 0.54. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm 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 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio is 54.97%.

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