Mondelez International, Inc. (NASDAQ:MDLZ) Stock Holdings Raised by Baker Ellis Asset Management LLC

Baker Ellis Asset Management LLC raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 19.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,655 shares of the company’s stock after acquiring an additional 600 shares during the period. Baker Ellis Asset Management LLC’s holdings in Mondelez International were worth $218,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MDLZ. Truvestments Capital LLC bought a new stake in shares of Mondelez International during the 3rd quarter valued at about $25,000. Prospera Private Wealth LLC bought a new stake in shares of Mondelez International during the 3rd quarter valued at about $27,000. Richardson Financial Services Inc. grew 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 buying an additional 200 shares during the last quarter. Highline Wealth Partners LLC bought a new stake in shares of Mondelez International during the 3rd quarter valued at about $38,000. Finally, Albion Financial Group UT bought a new stake in shares of Mondelez International during the 4th quarter valued at about $38,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 1.2 %

MDLZ stock opened at $56.96 on Friday. Mondelez International, Inc. has a 12 month low of $55.97 and a 12 month high of $77.20. The firm has a market cap of $76.17 billion, a PE ratio of 20.20, a P/E/G ratio of 3.12 and a beta of 0.54. The firm has a 50 day simple moving average of $61.05 and a 200 day simple moving average of $67.06. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. During the same period in the prior year, the business earned $0.82 earnings per share. The business’s quarterly revenue was up 1.9% on a year-over-year basis. Equities research analysts forecast that Mondelez International, Inc. will post 3.46 earnings per share for the current fiscal year.

Mondelez International announced that its board has initiated a share buyback plan on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.30%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio is presently 66.67%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MDLZ. Evercore ISI boosted their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. The Goldman Sachs Group reduced their target price on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Citigroup reduced their target price 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. Jefferies Financial Group lowered shares of Mondelez International from a “buy” rating to a “hold” rating and reduced their target price for the company from $75.00 to $62.00 in a research note on Tuesday. Finally, Piper Sandler reduced their target price on shares of Mondelez International from $84.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target of $73.81.

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.