Signature Estate & Investment Advisors LLC Buys 1,609 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Signature Estate & Investment Advisors LLC lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,569 shares of the company’s stock after buying an additional 1,609 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Mondelez International were worth $2,005,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Zions Bancorporation N.A. increased its position in Mondelez International by 51.2% in the 4th quarter. Zions Bancorporation N.A. now owns 31,621 shares of the company’s stock worth $1,889,000 after buying an additional 10,707 shares during the period. CoreFirst Bank & Trust bought a new position in Mondelez International during the fourth quarter worth $301,000. Vanguard Group Inc. raised its stake in Mondelez International by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company’s stock valued at $7,910,477,000 after purchasing an additional 931,776 shares during the last quarter. LPL Financial LLC boosted its holdings in Mondelez International by 6.4% in the 4th quarter. LPL Financial LLC now owns 1,521,753 shares of the company’s stock valued at $90,894,000 after purchasing an additional 91,361 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in Mondelez International in the 4th quarter worth $30,919,000. 78.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Jefferies Financial Group lowered shares of Mondelez International from a “buy” rating to a “hold” rating and cut their price objective for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. DZ Bank cut Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target for the company. in a report on Friday, February 7th. UBS Group decreased their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Stifel Nicolaus cut their target price on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Finally, Mizuho lifted their price target on shares of Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.70.

Mondelez International Trading Down 0.4 %

MDLZ stock opened at $64.69 on Wednesday. The business has a fifty day moving average price of $61.67 and a 200 day moving average price of $64.91. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. 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 $83.68 billion, a price-to-earnings ratio of 18.92, a P/E/G ratio of 4.34 and a beta of 0.50.

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

Mondelez International Dividend Announcement

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 dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.91%. Mondelez International’s dividend payout ratio (DPR) is currently 54.97%.

Mondelez International declared that its board has initiated a stock repurchase program on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to buy up to 10.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

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.