HB Wealth Management LLC Has $4.83 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

HB Wealth Management LLC increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 9.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 80,808 shares of the company’s stock after buying an additional 7,087 shares during the quarter. HB Wealth Management LLC’s holdings in Mondelez International were worth $4,827,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Axiom Advisory LLC lifted its holdings in shares of Mondelez International by 1.6% in the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after acquiring an additional 143 shares during the last quarter. Hazlett Burt & Watson Inc. increased its position in 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 in the last quarter. Carnegie Investment Counsel lifted its stake in Mondelez International by 1.4% in the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock valued at $811,000 after purchasing an additional 151 shares during the last quarter. SeaCrest Wealth Management LLC boosted its position in Mondelez International by 1.3% in the third quarter. SeaCrest Wealth Management LLC now owns 12,130 shares of the company’s stock valued at $894,000 after buying an additional 156 shares in the last quarter. Finally, Quent Capital LLC grew its stake in shares of Mondelez International by 5.5% during the third quarter. Quent Capital LLC now owns 3,047 shares of the company’s stock worth $225,000 after buying an additional 160 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

Mondelez International stock opened at $57.86 on Friday. The stock’s 50 day moving average price is $61.59 and its two-hundred day moving average price is $67.24. The stock has a market capitalization of $77.37 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 2.99 and a beta of 0.54. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. Mondelez International, Inc. has a 52-week low of $55.97 and a 52-week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The business had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the company posted $0.82 earnings per share. On average, equities analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International declared that its Board of Directors has authorized a share repurchase program on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders 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 annualized dividend and a yield of 3.25%. Mondelez International’s payout ratio is currently 66.67%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MDLZ. Redburn Atlantic initiated coverage on Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective on the stock. Citigroup reduced their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. The Goldman Sachs Group dropped their price objective on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. UBS Group reduced their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Evercore ISI raised their price target on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.93.

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.