Flagship Wealth Advisors LLC Buys New Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Flagship Wealth Advisors LLC bought a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the fourth quarter, Holdings Channel reports. The firm bought 830 shares of the company’s stock, valued at approximately $50,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MDLZ. United Bank boosted its holdings in Mondelez International by 12.7% during the 3rd quarter. United Bank now owns 22,649 shares of the company’s stock valued at $1,669,000 after acquiring an additional 2,549 shares during the period. Atlanta Consulting Group Advisors LLC boosted its holdings in Mondelez International by 3.4% during the 3rd quarter. Atlanta Consulting Group Advisors LLC now owns 6,450 shares of the company’s stock valued at $475,000 after acquiring an additional 215 shares during the period. Claro Advisors LLC boosted its holdings in Mondelez International by 10.7% during the 3rd quarter. Claro Advisors LLC now owns 15,878 shares of the company’s stock valued at $1,170,000 after acquiring an additional 1,535 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Mondelez International by 13.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 197,964 shares of the company’s stock valued at $14,584,000 after acquiring an additional 23,497 shares during the period. Finally, Aljian Capital Management LLC purchased a new position in shares of Mondelez International in the 3rd quarter valued at about $419,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MDLZ. UBS Group decreased their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft decreased their price objective 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. Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and decreased their price objective for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Stifel Nicolaus decreased their price objective 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, The Goldman Sachs Group decreased their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $69.74.

Mondelez International Trading Up 1.2 %

MDLZ opened at $65.09 on Tuesday. The firm has a market cap of $84.20 billion, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The business’s 50 day moving average is $60.83 and its two-hundred day moving average is $65.30. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 EPS 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%. On average, research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is currently 54.97%.

Mondelez International declared that its board has initiated a share buyback plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is 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.