CFM Wealth Partners LLC Acquires 421 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

CFM Wealth Partners LLC increased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,088 shares of the company’s stock after acquiring an additional 421 shares during the period. CFM Wealth Partners LLC’s holdings in Mondelez International were worth $2,813,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Axiom Advisory LLC raised its position in shares of Mondelez International by 1.6% during the 3rd quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock valued at $643,000 after buying an additional 143 shares during the period. Hazlett Burt & Watson Inc. grew its holdings in shares of Mondelez International by 16.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock worth $78,000 after purchasing an additional 150 shares during the period. Carnegie Investment Counsel increased its position in shares of Mondelez International by 1.4% during the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock worth $811,000 after purchasing an additional 151 shares during the last quarter. SeaCrest Wealth Management LLC raised its stake in shares of Mondelez International by 1.3% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 12,130 shares of the company’s stock valued at $894,000 after acquiring an additional 156 shares during the period. Finally, Quent Capital LLC boosted its position in shares of Mondelez International by 5.5% during the 3rd quarter. Quent Capital LLC now owns 3,047 shares of the company’s stock worth $225,000 after purchasing an additional 160 shares during the period. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $57.99 on Monday. The company has a market cap of $77.54 billion, a P/E ratio of 20.56, a PEG ratio of 3.12 and a beta of 0.54. The firm has a fifty day moving average price of $60.09 and a 200 day moving average price of $66.67. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 12 month low of $55.97 and a 12 month high of $77.20.

Mondelez International declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.24%. Mondelez International’s payout ratio is currently 66.67%.

Analysts Set New Price Targets

MDLZ has been the topic of a number of research analyst reports. Redburn Atlantic began coverage on Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price on the stock. UBS Group cut their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Bank of America raised their target price on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Citigroup cut their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, Piper Sandler lowered shares of Mondelez International from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $70.00 to $63.00 in a research note on Friday. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.76.

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.