Brighton Jones LLC Increases Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Brighton Jones LLC boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 92.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,631 shares of the company’s stock after buying an additional 7,025 shares during the quarter. Brighton Jones LLC’s holdings in Mondelez International were worth $874,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new stake in Mondelez International in the 3rd quarter valued at $25,000. Prospera Private Wealth LLC acquired a new stake in shares of Mondelez International in the third quarter valued at about $27,000. Richardson Financial Services Inc. increased its stake in shares of Mondelez International by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares in the last quarter. Highline Wealth Partners LLC acquired a new position in shares of Mondelez International during the 3rd quarter worth about $38,000. Finally, Albion Financial Group UT purchased a new position in Mondelez International in the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on MDLZ. Redburn Atlantic assumed coverage on Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective for the company. UBS Group reduced their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. The Goldman Sachs Group lowered their target price 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. Citigroup dropped their target price on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $61.00 price target (down from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and a consensus price target of $73.06.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $57.42 on Friday. Mondelez International, Inc. has a 52 week low of $55.97 and a 52 week high of $77.20. The stock’s fifty day moving average is $60.74 and its two-hundred day moving average is $66.93. The company has a market capitalization of $76.78 billion, a P/E ratio of 20.36, a P/E/G ratio of 2.96 and a beta of 0.54. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (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 analyst estimates of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. Mondelez International’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 EPS. Equities analysts expect that Mondelez International, Inc. will post 3.45 EPS for the current year.

Mondelez International declared that its board has approved a share repurchase program 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 programs are usually a sign that the company’s leadership believes its shares are undervalued.

Mondelez International Dividend Announcement

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

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.