Advisor OS LLC Has $842,000 Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Advisor OS LLC boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 16.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,103 shares of the company’s stock after buying an additional 1,988 shares during the quarter. Advisor OS LLC’s holdings in Mondelez International were worth $842,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Truvestments Capital LLC bought a new stake in shares of Mondelez International in the 3rd quarter valued at about $25,000. Marshall Investment Management LLC acquired a new position in shares of Mondelez International in the fourth quarter worth approximately $26,000. Prospera Private Wealth LLC bought a new stake in Mondelez International in the third quarter valued at approximately $27,000. Hager Investment Management Services LLC bought a new stake in Mondelez International in the fourth quarter valued at approximately $27,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in Mondelez International during the 4th quarter valued at approximately $32,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Price Performance

MDLZ stock opened at $63.45 on Thursday. 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 business has a 50-day simple moving average of $59.21 and a two-hundred day simple moving average of $65.79. The company has a market capitalization of $82.07 billion, a P/E ratio of 18.55, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share 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%. Research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International declared that its board has authorized a share repurchase plan on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits 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 board of directors believes its shares are undervalued.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio is 54.97%.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of analyst reports. The Goldman Sachs Group reduced their price objective 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. Argus cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Piper Sandler downgraded Mondelez International from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $70.00 to $63.00 in a report on Friday, January 31st. Stifel Nicolaus dropped their price objective on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.74.

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.