MRA Advisory Group Increases Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

MRA Advisory Group increased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 40.3% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 7,808 shares of the company’s stock after buying an additional 2,242 shares during the quarter. MRA Advisory Group’s holdings in Mondelez International were worth $466,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Truvestments Capital LLC purchased a new position in Mondelez International in the third quarter valued at about $25,000. Prospera Private Wealth LLC bought a new stake in shares of Mondelez International in the 3rd quarter worth approximately $27,000. Richardson Financial Services Inc. lifted its stake in Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. Highline Wealth Partners LLC purchased a new position in Mondelez International in the third quarter valued at approximately $38,000. Finally, Hara Capital LLC bought a new position in Mondelez International during the third quarter valued at $45,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft lowered Mondelez International from a “buy” rating to a “hold” rating and lowered their target price for the company from $78.00 to $67.00 in a research note on Thursday, December 12th. Bank of America boosted their price objective on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Stifel Nicolaus increased their target price on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Evercore ISI raised their price target on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $61.00 price objective (down from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. Three 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, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $77.64.

Mondelez International Stock Performance

Mondelez International stock opened at $56.17 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The firm has a market cap of $75.11 billion, a P/E ratio of 19.92, a P/E/G ratio of 2.80 and a beta of 0.54. Mondelez International, Inc. has a 1-year low of $55.97 and a 1-year high of $77.20. The firm has a 50-day moving average of $62.34 and a 200-day moving average of $67.50.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter last year, the business posted $0.82 EPS. The business’s revenue was up 1.9% on a year-over-year basis. Sell-side analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Tuesday, December 31st. Mondelez International’s payout ratio is currently 66.67%.

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

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.