Fortitude Family Office LLC Buys 202 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Fortitude Family Office LLC boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 12.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,856 shares of the company’s stock after purchasing an additional 202 shares during the quarter. Fortitude Family Office LLC’s holdings in Mondelez International were worth $111,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Truvestments Capital LLC bought a new stake in Mondelez International in the 3rd quarter valued at about $25,000. Prospera Private Wealth LLC acquired a new stake in Mondelez International in the third quarter valued at approximately $27,000. Richardson Financial Services Inc. increased its holdings in shares of Mondelez International by 100.0% during the third 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 shares of Mondelez International during the third quarter worth approximately $38,000. Finally, Hara Capital LLC bought a new position in shares of Mondelez International in the 3rd quarter worth $45,000. 78.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on MDLZ. Evercore ISI upped their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Bank of America raised their price target on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft lowered Mondelez International from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $78.00 to $67.00 in a report on Thursday, December 12th. Citigroup lowered their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $61.00 target price (down previously from $74.00) on shares of Mondelez International in a research report on Tuesday. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.64.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $58.29 on Friday. The business’s fifty day moving average is $62.83 and its 200-day moving average is $67.65. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The stock has a market capitalization of $77.95 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 2.80 and a beta of 0.54. Mondelez International, Inc. has a one year low of $57.67 and a one year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $9.11 billion. During the same quarter in the previous year, the firm posted $0.82 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. Equities research analysts predict that Mondelez International, Inc. will post 3.48 EPS for the current year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be paid a $0.47 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.23%. Mondelez International’s payout ratio is 66.67%.

Mondelez International announced that its board has initiated a share buyback program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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.