766 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Acquired by Centricity Wealth Management LLC

Centricity Wealth Management LLC purchased a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the 4th quarter, Holdings Channel reports. The fund purchased 766 shares of the company’s stock, valued at approximately $46,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Truvestments Capital LLC acquired a new stake in shares of Mondelez International during the 3rd quarter worth about $25,000. Prospera Private Wealth LLC bought a new position in Mondelez International in the 3rd quarter valued at about $27,000. Richardson Financial Services Inc. raised its holdings in Mondelez International by 100.0% in the 3rd 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 period. Hager Investment Management Services LLC acquired a new stake in Mondelez International during the fourth quarter worth approximately $27,000. Finally, Highline Wealth Partners LLC bought a new stake in shares of Mondelez International during the third quarter worth approximately $38,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Trading Up 4.1 %

Shares of MDLZ stock opened at $64.70 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 fifty day moving average price is $58.98 and its two-hundred day moving average price is $65.91. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The company has a market cap of $83.69 billion, a PE ratio of 18.92, a P/E/G ratio of 4.32 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last announced 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%. Equities analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International declared that its Board of Directors has approved a stock buyback plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.91%. Mondelez International’s payout ratio is currently 54.97%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on MDLZ shares. UBS Group lowered their target price 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. Barclays lowered their price objective on Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Piper Sandler cut shares of Mondelez International from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $70.00 to $63.00 in a research report on Friday, January 31st. The Goldman Sachs Group decreased their price target on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, Stifel Nicolaus dropped their price objective on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.74.

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.