MOKAN Wealth Management Inc. Takes Position in Mondelez International, Inc. (NASDAQ:MDLZ)

MOKAN Wealth Management Inc. acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 27,941 shares of the company’s stock, valued at approximately $1,669,000. Mondelez International accounts for 1.1% of MOKAN Wealth Management Inc.’s investment portfolio, making the stock its 29th largest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hazlett Burt & Watson Inc. grew its position in Mondelez International by 16.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock valued at $78,000 after acquiring an additional 150 shares during the period. Canopy Partners LLC grew its position in Mondelez International by 1.2% during the third quarter. Canopy Partners LLC now owns 13,335 shares of the company’s stock valued at $982,000 after acquiring an additional 161 shares during the period. Hardy Reed LLC grew its position in Mondelez International by 1.4% during the third quarter. Hardy Reed LLC now owns 11,511 shares of the company’s stock valued at $848,000 after acquiring an additional 161 shares during the period. Interchange Capital Partners LLC grew its position in Mondelez International by 4.9% during the third quarter. Interchange Capital Partners LLC now owns 3,490 shares of the company’s stock valued at $257,000 after acquiring an additional 163 shares during the period. Finally, Avidian Wealth Enterprises LLC grew its position in Mondelez International by 2.2% during the third quarter. Avidian Wealth Enterprises LLC now owns 7,641 shares of the company’s stock valued at $563,000 after acquiring an additional 163 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on MDLZ. Jefferies Financial Group downgraded Mondelez International from a “buy” rating to a “hold” rating and decreased 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 Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price for the company. DZ Bank cut Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target on the stock. in a research note on Friday, February 7th. UBS Group cut their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Wells Fargo & Company cut their price target on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and an average price target of $69.74.

Mondelez International Stock Performance

MDLZ stock opened at $60.82 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.42. The company has a 50 day moving average price of $58.98 and a 200 day moving average price of $66.14. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The stock has a market capitalization of $81.33 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 4.04 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

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