World Equity Group Inc. Acquires 718 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

World Equity Group Inc. boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,551 shares of the company’s stock after acquiring an additional 718 shares during the period. World Equity Group Inc.’s holdings in Mondelez International were worth $570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new position in Mondelez International during the 3rd quarter worth about $25,000. Marshall Investment Management LLC bought a new stake in shares of Mondelez International in the 4th quarter valued at about $26,000. Prospera Private Wealth LLC bought a new stake in shares of Mondelez International in the 3rd quarter valued at about $27,000. Hager Investment Management Services LLC bought a new stake in shares of Mondelez International in the 4th quarter valued at about $27,000. Finally, Richardson Financial Services Inc. boosted its holdings in shares of Mondelez International by 100.0% in 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 in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group lowered their price target on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Stifel Nicolaus decreased their price objective on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Wells Fargo & Company decreased their price objective on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Royal Bank of Canada decreased their price objective on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. Finally, Argus lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.74.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $64.70 on Monday. The firm’s 50 day simple moving average is $58.98 and its 200-day simple moving average is $65.87. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The stock has a market capitalization of $83.69 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 4.34 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International announced that its board has initiated a share repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Mondelez International Dividend Announcement

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

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.