Eads & Heald Wealth Management Purchases 295 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Eads & Heald Wealth Management boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,505 shares of the company’s stock after purchasing an additional 295 shares during the quarter. Eads & Heald Wealth Management’s holdings in Mondelez International were worth $508,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MDLZ. Truvestments Capital LLC acquired a new stake in shares of Mondelez International during the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC bought a new position in Mondelez International in the third quarter valued at approximately $27,000. Richardson Financial Services Inc. grew its holdings in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after acquiring an additional 200 shares during the period. Highline Wealth Partners LLC bought a new stake in shares of Mondelez International during the 3rd quarter valued at $38,000. Finally, Hara Capital LLC acquired a new position in shares of Mondelez International in the 3rd quarter valued at $45,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Down 0.4 %

Shares of Mondelez International stock opened at $57.60 on Wednesday. The firm has a market cap of $77.02 billion, a PE ratio of 20.43, a P/E/G ratio of 3.12 and a beta of 0.54. The business’s 50 day simple moving average is $61.43 and its 200 day simple moving average is $67.20. 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 data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. During the same period last year, the company earned $0.82 earnings per share. The firm’s revenue was up 1.9% compared to the same quarter last year. On average, analysts predict that Mondelez International, Inc. will post 3.47 earnings per share for the current fiscal year.

Mondelez International announced that its board has initiated a stock repurchase program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 10.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board 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 paid a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.26%. Mondelez International’s dividend payout ratio is 66.67%.

Analyst Ratings Changes

MDLZ has been the subject of a number of recent analyst reports. Citigroup dropped their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus upped their price target on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 25th. UBS Group reduced their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Redburn Atlantic began coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price for the company. Finally, The Goldman Sachs Group reduced their price target on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average target price of $74.13.

About Mondelez International

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.