Hudson Valley Investment Advisors Inc. ADV Purchases 3,377 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Hudson Valley Investment Advisors Inc. ADV increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 61,504 shares of the company’s stock after purchasing an additional 3,377 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Mondelez International were worth $3,674,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new stake in shares of Mondelez International during the third quarter worth $25,000. Prospera Private Wealth LLC bought a new stake in Mondelez International during the 3rd quarter valued at about $27,000. Richardson Financial Services Inc. boosted its position 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 buying an additional 200 shares during the period. Highline Wealth Partners LLC purchased a new stake in Mondelez International in the 3rd quarter valued at about $38,000. Finally, Hara Capital LLC bought a new position in Mondelez International in the 3rd quarter worth about $45,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Price Performance

Shares of MDLZ stock opened at $58.29 on Friday. The stock’s fifty day moving average price is $62.83 and its 200 day moving average price is $67.65. Mondelez International, Inc. has a 1-year low of $57.67 and a 1-year high of $77.20. The company has a market cap of $77.95 billion, a price-to-earnings ratio of 20.67, a price-to-earnings-growth ratio of 2.80 and a beta of 0.54. 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 (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The business had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.82 earnings per share. On average, research analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International declared that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.47 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.23%. Mondelez International’s payout ratio is currently 66.67%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MDLZ. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $61.00 price target (down previously from $74.00) on shares of Mondelez International in a research note on Tuesday. Deutsche Bank Aktiengesellschaft lowered Mondelez International from a “buy” rating to a “hold” rating and decreased their target price for the company from $78.00 to $67.00 in a research report on Thursday, December 12th. Bank of America increased their price target on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Evercore ISI lifted their price objective on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Finally, Citigroup dropped their target price on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and an average price target of $77.64.

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.