FourThought Financial Partners LLC Invests $437,000 in Mondelez International, Inc. (NASDAQ:MDLZ)

FourThought Financial Partners LLC bought a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the fourth quarter, HoldingsChannel reports. The firm bought 7,308 shares of the company’s stock, valued at approximately $437,000.

Other institutional investors also recently modified their holdings of the company. Truvestments Capital LLC purchased a new stake in shares of Mondelez International during the third quarter worth about $25,000. Marshall Investment Management LLC purchased a new stake in Mondelez International in the fourth quarter worth about $26,000. Prospera Private Wealth LLC purchased a new stake in Mondelez International in the third quarter worth about $27,000. Hager Investment Management Services LLC purchased a new stake in Mondelez International in the fourth quarter worth about $27,000. Finally, McClarren Financial Advisors Inc. purchased a new stake in Mondelez International in the fourth quarter worth about $32,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Up 0.8 %

MDLZ opened at $65.88 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The firm’s fifty day moving average is $59.15 and its 200 day moving average is $65.81. The stock has a market cap of $85.22 billion, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released 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%. On average, sell-side analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International announced that its board has authorized a share repurchase program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is currently 54.97%.

Analyst Ratings Changes

Several analysts have commented on MDLZ shares. Dbs Bank lowered shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. DZ Bank lowered shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective for the company. in a report on Friday, February 7th. Mizuho raised their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Barclays lowered their price objective on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Finally, Argus lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 21st. One 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.74.

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.