Valeo Financial Advisors LLC Boosts Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Valeo Financial Advisors LLC increased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 13.9% in the 4th quarter, Holdings Channel reports. The fund owned 38,381 shares of the company’s stock after buying an additional 4,683 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Mondelez International were worth $2,293,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Creative Planning raised its holdings in shares of Mondelez International by 4.8% during the 3rd quarter. Creative Planning now owns 343,226 shares of the company’s stock valued at $25,285,000 after buying an additional 15,845 shares in the last quarter. Good Life Advisors LLC grew its position in Mondelez International by 44.0% during the third quarter. Good Life Advisors LLC now owns 6,373 shares of the company’s stock valued at $469,000 after acquiring an additional 1,946 shares during the last quarter. Global Retirement Partners LLC raised its stake in shares of Mondelez International by 14.2% during the third quarter. Global Retirement Partners LLC now owns 18,278 shares of the company’s stock worth $1,347,000 after acquiring an additional 2,270 shares in the last quarter. Marshall Financial Group LLC lifted its holdings in shares of Mondelez International by 3.0% in the 3rd quarter. Marshall Financial Group LLC now owns 5,715 shares of the company’s stock worth $421,000 after acquiring an additional 166 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Mondelez International by 3.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 168,095 shares of the company’s stock valued at $12,384,000 after purchasing an additional 5,493 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Citigroup decreased their target price on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Royal Bank of Canada decreased their price objective on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Stifel Nicolaus dropped their target price on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a report on Friday, January 24th. Mizuho lifted their price target on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and dropped their price objective for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.74.

Mondelez International Stock Performance

Mondelez International stock opened at $60.82 on Friday. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The stock’s 50 day simple moving average is $58.98 and its two-hundred day simple moving average is $66.14. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.42 and a current ratio of 0.68. The stock has a market cap of $81.33 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 4.04 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results 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%. As a group, analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International announced that its Board of Directors has authorized a share buyback program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its shares are undervalued.

Mondelez International Dividend Announcement

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

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.