Sargent Investment Group LLC Increases Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Sargent Investment Group LLC raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 19.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,666 shares of the company’s stock after purchasing an additional 914 shares during the quarter. Sargent Investment Group LLC’s holdings in Mondelez International were worth $318,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new stake in Mondelez International during the 3rd quarter valued at $25,000. Prospera Private Wealth LLC purchased a new stake in Mondelez International during the 3rd quarter valued at $27,000. Richardson Financial Services Inc. boosted its position in 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 buying an additional 200 shares during the period. Highline Wealth Partners LLC purchased a new stake in Mondelez International during the 3rd quarter valued at $38,000. Finally, Albion Financial Group UT purchased a new stake in Mondelez International during the 4th quarter valued at $38,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

MDLZ has been the subject of several research analyst reports. 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. 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 research report on Wednesday, January 8th. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and dropped their target price for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. Redburn Atlantic initiated coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price for the company. Finally, Piper Sandler cut shares of Mondelez International from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $70.00 to $63.00 in a research report on Friday, January 31st. 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 MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and an average target price of $72.35.

Mondelez International Stock Up 2.3 %

NASDAQ:MDLZ opened at $57.43 on Thursday. The firm has a market cap 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. 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, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The firm has a 50-day simple moving average of $59.76 and a two-hundred day simple moving average of $66.53.

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

Mondelez International announced that its Board of Directors has approved a share repurchase program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 3.27%. Mondelez International’s dividend payout ratio is currently 66.67%.

About Mondelez International

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.