Aries Wealth Management Acquires 1,435 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Aries Wealth Management raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 15.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,801 shares of the company’s stock after acquiring an additional 1,435 shares during the quarter. Aries Wealth Management’s holdings in Mondelez International were worth $645,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Creative Planning increased its position in shares of Mondelez International by 4.8% during the third quarter. Creative Planning now owns 343,226 shares of the company’s stock valued at $25,285,000 after buying an additional 15,845 shares during the period. SeaCrest Wealth Management LLC increased its position in shares of Mondelez International by 1.3% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 12,130 shares of the company’s stock valued at $894,000 after purchasing an additional 156 shares during the last quarter. Sumitomo Life Insurance Co. lifted its holdings in shares of Mondelez International by 2.4% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 24,953 shares of the company’s stock worth $1,838,000 after acquiring an additional 577 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in Mondelez International by 2.0% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 138,107 shares of the company’s stock valued at $10,174,000 after buying an additional 2,654 shares during the period. Finally, Twelve Points Wealth Management LLC increased its stake in shares of Mondelez International by 7.1% in the third quarter. Twelve Points Wealth Management LLC now owns 4,247 shares of the company’s stock worth $313,000 after buying an additional 280 shares during the period. 78.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MDLZ. Citigroup decreased their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Barclays reduced their price target on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Stifel Nicolaus decreased their target price on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Royal Bank of Canada lowered their price target on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Finally, Piper Sandler downgraded shares of Mondelez International from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $70.00 to $63.00 in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $69.72.

Mondelez International Stock Up 0.9 %

Shares of MDLZ opened at $61.16 on Friday. The stock has a market capitalization of $81.78 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 4.04 and a beta of 0.54. The business’s 50 day simple moving average is $59.06 and its 200-day simple moving average is $66.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.42. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06.

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

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

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s payout ratio is 54.97%.

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.