Money Concepts Capital Corp Has $2.32 Million Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Money Concepts Capital Corp boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,764 shares of the company’s stock after purchasing an additional 865 shares during the quarter. Money Concepts Capital Corp’s holdings in Mondelez International were worth $2,315,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of MDLZ. Truvestments Capital LLC acquired a new stake in shares of Mondelez International in the third quarter valued at approximately $25,000. Prospera Private Wealth LLC bought a new position in Mondelez International during the 3rd quarter worth $27,000. Hager Investment Management Services LLC acquired a new position in Mondelez International in the 4th quarter valued at $27,000. Richardson Financial Services Inc. lifted 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. Finally, Highline Wealth Partners LLC acquired a new stake in shares of Mondelez International during the 3rd quarter worth $38,000. Institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on MDLZ. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 price target on shares of Mondelez International in a research note on Thursday, January 30th. Bank of America upped their price target on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. The Goldman Sachs Group decreased their price objective 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. Piper Sandler cut Mondelez International from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $70.00 to $63.00 in a research note on Friday, January 31st. Finally, UBS Group decreased their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.35.

Mondelez International Stock Performance

Mondelez International stock opened at $57.43 on Thursday. The business has a 50 day moving average of $59.76 and a 200-day moving average of $66.53. 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 1 year low of $53.95 and a 1 year high of $76.06. The company has a market capitalization of $76.79 billion, a P/E ratio of 20.37, a P/E/G ratio of 3.12 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. On average, equities research analysts predict that Mondelez International, Inc. will post 3.44 earnings per share for the current year.

Mondelez International declared that its board has approved a share buyback program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.27%. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

Mondelez International Company 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.