Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by Brighton Jones LLC

Brighton Jones LLC lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 92.4% in the fourth quarter, HoldingsChannel reports. The firm owned 14,631 shares of the company’s stock after buying an additional 7,025 shares during the quarter. Brighton Jones LLC’s holdings in Mondelez International were worth $874,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MDLZ. Czech National Bank grew its position in shares of Mondelez International by 6.5% during the fourth quarter. Czech National Bank now owns 289,931 shares of the company’s stock worth $17,318,000 after buying an additional 17,815 shares in the last quarter. Legacy Private Trust Co. lifted its stake in Mondelez International by 33.2% in the fourth quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock worth $229,000 after acquiring an additional 957 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in Mondelez International by 1,904.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company’s stock worth $31,369,000 after acquiring an additional 404,567 shares in the last quarter. Kingsview Wealth Management LLC increased its position in shares of Mondelez International by 14.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock valued at $8,430,000 after purchasing an additional 14,278 shares during the last quarter. Finally, Miracle Mile Advisors LLC raised its holdings in shares of Mondelez International by 374.9% in the 4th quarter. Miracle Mile Advisors LLC now owns 22,124 shares of the company’s stock valued at $1,321,000 after purchasing an additional 17,465 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MDLZ shares. Bank of America boosted their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group dropped their price objective on Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Stifel Nicolaus decreased 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. Redburn Atlantic initiated coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target on the stock. Finally, Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $73.06.

Mondelez International Price Performance

Shares of MDLZ opened at $57.42 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. Mondelez International, Inc. has a fifty-two week low of $55.97 and a fifty-two week high of $77.20. The firm has a 50-day simple moving average of $60.74 and a 200-day simple moving average of $66.93. The company has a market capitalization of $76.78 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 2.96 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. During the same period last year, the firm earned $0.82 EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities research analysts anticipate that Mondelez International, Inc. will post 3.45 earnings per share for the current year.

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

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 3.27%. Mondelez International’s dividend payout ratio (DPR) is 66.67%.

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.