Delta Financial Group Inc. Makes New Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

Delta Financial Group Inc. purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 3,564 shares of the company’s stock, valued at approximately $213,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Advisor Group LLC boosted its holdings in Mondelez International by 9.8% during the third quarter. Private Advisor Group LLC now owns 62,687 shares of the company’s stock worth $4,618,000 after buying an additional 5,585 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Mondelez International by 8,591.9% in the 3rd quarter. International Assets Investment Management LLC now owns 806,085 shares of the company’s stock valued at $59,384,000 after acquiring an additional 796,811 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Mondelez International by 19.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 320,351 shares of the company’s stock valued at $23,153,000 after acquiring an additional 53,169 shares during the period. NorthCrest Asset Manangement LLC boosted its stake in Mondelez International by 0.6% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 39,211 shares of the company’s stock worth $2,889,000 after acquiring an additional 217 shares during the last quarter. Finally, Arkadios Wealth Advisors grew its holdings in Mondelez International by 64.0% during the third quarter. Arkadios Wealth Advisors now owns 9,635 shares of the company’s stock valued at $710,000 after purchasing an additional 3,760 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Royal Bank of Canada cut their target price on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Jefferies Financial Group downgraded Mondelez International from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. Argus cut Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday. Piper Sandler downgraded Mondelez International from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $70.00 to $63.00 in a report on Friday, January 31st. Finally, Citigroup cut their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. One investment 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.74.

Mondelez International Stock Up 4.1 %

Mondelez International stock opened at $64.70 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The company has a fifty day simple moving average of $58.98 and a 200 day simple moving average of $65.87. The company has a market cap of $83.69 billion, a P/E ratio of 18.92, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate 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 anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio is currently 54.97%.

Mondelez International declared that its board has authorized a stock repurchase plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

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.