Apollon Wealth Management LLC Has $7.23 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Apollon Wealth Management LLC raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 313.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 121,060 shares of the company’s stock after purchasing an additional 91,756 shares during the period. Apollon Wealth Management LLC’s holdings in Mondelez International were worth $7,231,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MDLZ. Mizuho Securities USA LLC raised its position in Mondelez International by 12,057.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after purchasing an additional 12,470,573 shares during the last quarter. Ilex Capital Partners UK LLP bought a new stake in shares of Mondelez International in the 3rd quarter valued at about $219,045,000. FMR LLC raised its holdings in Mondelez International by 14.2% in the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after purchasing an additional 2,268,639 shares during the period. Holocene Advisors LP bought a new position in Mondelez International during the third quarter worth about $159,823,000. Finally, National Bank of Canada FI grew its position in shares of Mondelez International by 173.7% in the 3rd quarter. National Bank of Canada FI now owns 3,049,440 shares of the company’s stock valued at $224,652,000 after purchasing an additional 1,935,356 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and dropped their target price for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. UBS Group decreased their target price on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Piper Sandler downgraded Mondelez International from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $70.00 to $63.00 in a research report on Friday, January 31st. Royal Bank of Canada dropped their price target on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, The Goldman Sachs Group decreased their target price on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and a consensus target price of $69.72.

Mondelez International Trading Up 1.1 %

Mondelez International stock opened at $58.45 on Friday. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The business’s fifty day simple moving average is $59.47 and its two-hundred day simple moving average is $66.41. The company has a market capitalization of $78.16 billion, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 4.04 and a beta of 0.54. The company has a current ratio of 0.68, a quick ratio of 0.42 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. As a group, equities analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.22%. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Mondelez International announced that its Board of Directors has initiated a share buyback plan on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Mondelez International Company 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.