Calamos Wealth Management LLC Increases Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Calamos Wealth Management LLC grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,681 shares of the company’s stock after purchasing an additional 327 shares during the quarter. Calamos Wealth Management LLC’s holdings in Mondelez International were worth $339,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Truvestments Capital LLC purchased a new position in Mondelez International during the third quarter worth $25,000. Prospera Private Wealth LLC acquired a new stake in shares of Mondelez International during the third quarter valued at $27,000. Richardson Financial Services Inc. boosted 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 valued at $28,000 after acquiring an additional 200 shares during the last quarter. Highline Wealth Partners LLC purchased a new stake in Mondelez International during the 3rd quarter worth about $38,000. Finally, Albion Financial Group UT acquired a new position in Mondelez International in the 4th quarter valued at about $38,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MDLZ has been the topic of several analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 price target on shares of Mondelez International in a research note on Thursday, January 30th. Bank of America raised their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Redburn Atlantic started coverage on Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target for the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Wednesday, January 22nd. Finally, UBS Group dropped their target price 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. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $72.76.

Mondelez International Stock Down 2.2 %

Shares of NASDAQ:MDLZ opened at $56.12 on Wednesday. The stock has a 50-day simple moving average of $59.94 and a 200-day simple moving average of $66.60. The stock has a market capitalization of $75.04 billion, a P/E ratio of 19.90, a PEG ratio of 3.12 and a beta of 0.54. Mondelez International, Inc. has a 1 year low of $55.88 and a 1 year high of $76.69. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. Equities analysts forecast that Mondelez International, Inc. will post 3.44 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

Mondelez International announced that its Board of Directors has approved a stock repurchase plan 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 stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is 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.