Empirical Asset Management LLC Has $3.21 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Empirical Asset Management LLC grew its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 130.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 53,742 shares of the company’s stock after purchasing an additional 30,410 shares during the quarter. Empirical Asset Management LLC’s holdings in Mondelez International were worth $3,210,000 at the end of the most recent reporting period.

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

Mondelez International Stock Down 0.2 %

Shares of MDLZ stock opened at $57.86 on Friday. The company has a 50 day simple moving average of $61.76 and a two-hundred day simple moving average of $67.30. The stock has a market cap of $77.37 billion, a P/E ratio of 20.52, a P/E/G ratio of 2.99 and a beta of 0.54. Mondelez International, Inc. has a 12 month low of $55.97 and a 12 month high of $77.20. 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 (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.85 by $0.14. The firm had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the firm earned $0.82 EPS. On average, research analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio is presently 66.67%.

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on MDLZ shares. Piper Sandler decreased their target price on shares of Mondelez International from $84.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday. Citigroup decreased their target price on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Stifel Nicolaus lifted their price target on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Evercore ISI boosted their price objective on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $78.00 to $67.00 in a research report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $74.93.

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.