Signature Wealth Management Partners LLC Buys 1,252 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Signature Wealth Management Partners LLC boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 12.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,995 shares of the company’s stock after acquiring an additional 1,252 shares during the period. Signature Wealth Management Partners LLC’s holdings in Mondelez International were worth $657,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new stake in Mondelez International in the 3rd quarter worth about $25,000. Prospera Private Wealth LLC bought a new position in Mondelez International during the third quarter worth about $27,000. Richardson Financial Services Inc. increased its stake in shares of Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares in the last quarter. Highline Wealth Partners LLC purchased a new position in shares of Mondelez International in the third quarter worth about $38,000. Finally, Hara Capital LLC bought a new stake in shares of Mondelez International in the third quarter valued at approximately $45,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Redburn Atlantic started coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective for the company. Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and reduced their price target for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. 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. Piper Sandler reduced their target price on Mondelez International from $84.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Finally, Stifel Nicolaus lowered their price target on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Mondelez International has an average rating of “Moderate Buy” and a consensus price target of $73.06.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $56.91 on Wednesday. Mondelez International, Inc. has a 52-week low of $55.97 and a 52-week high of $77.20. The company has a fifty day moving average of $60.63 and a 200-day moving average of $66.90. The company has a market capitalization of $76.10 billion, a P/E ratio of 20.18, a P/E/G ratio of 2.96 and a beta of 0.54. 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 (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.14. The firm had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 earnings per share. As a group, equities research analysts predict that Mondelez International, Inc. will post 3.45 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently announced 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 was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 3.30%. Mondelez International’s payout ratio is 66.67%.

Mondelez International declared that its board has approved a stock repurchase program on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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.