Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by Claro Advisors LLC

Claro Advisors LLC boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 12.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,793 shares of the company’s stock after purchasing an additional 1,915 shares during the quarter. Claro Advisors LLC’s holdings in Mondelez International were worth $1,063,000 at the end of the most recent quarter.

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

Mondelez International Stock Up 0.2 %

Mondelez International stock traded up $0.14 during midday trading on Monday, hitting $56.39. 12,342,202 shares of the stock were exchanged, compared to its average volume of 9,379,275. The business’s 50-day moving average price is $62.59 and its 200-day moving average price is $67.57. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 52-week low of $55.97 and a 52-week high of $77.20. The stock has a market capitalization of $75.40 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 2.80 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last announced its 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 company had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 earnings per share. On average, research analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Mondelez International declared that its board has authorized a share repurchase plan on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to buy up to 10.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MDLZ. Evercore ISI boosted their price target on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Citigroup reduced their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $61.00 target price (down previously from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft cut Mondelez International from a “buy” rating to a “hold” rating and reduced their price objective for the company from $78.00 to $67.00 in a research report on Thursday, December 12th. Finally, Stifel Nicolaus increased their target price on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $77.64.

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.