Avion Wealth Has $48,000 Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Avion Wealth lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 158.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 819 shares of the company’s stock after purchasing an additional 502 shares during the period. Avion Wealth’s holdings in Mondelez International were worth $48,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MDLZ. Carnegie Investment Counsel raised its position in shares of Mondelez International by 1.4% during the third quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock worth $811,000 after purchasing an additional 151 shares during the period. Exchange Traded Concepts LLC raised its position in shares of Mondelez International by 177.0% during the third quarter. Exchange Traded Concepts LLC now owns 26,696 shares of the company’s stock worth $1,967,000 after purchasing an additional 17,060 shares during the period. CX Institutional raised its position in shares of Mondelez International by 44.5% during the third quarter. CX Institutional now owns 82,901 shares of the company’s stock worth $6,107,000 after purchasing an additional 25,532 shares during the period. Creative Planning raised 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 worth $25,285,000 after purchasing an additional 15,845 shares during the period. Finally, Benson Investment Management Company Inc. acquired a new stake in shares of Mondelez International during the third quarter worth $5,221,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

Shares of MDLZ stock opened at $60.45 on Wednesday. The stock has a 50 day moving average of $59.20 and a two-hundred day moving average of $66.30. The company has a current ratio of 0.68, a quick ratio of 0.42 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a market capitalization of $80.83 billion, a P/E ratio of 17.68, a P/E/G ratio of 4.04 and a beta of 0.54.

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

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.11%. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and dropped their price target for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. DZ Bank lowered Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target on the stock. in a research report on Friday, February 7th. Bank of America upped their price target on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. UBS Group dropped their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Citigroup dropped their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target of $69.72.

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.