Choreo LLC Has $4.74 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Choreo LLC boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 74.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 79,328 shares of the company’s stock after buying an additional 33,896 shares during the quarter. Choreo LLC’s holdings in Mondelez International were worth $4,735,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MDLZ. Axiom Advisory LLC boosted its position in shares of Mondelez International by 1.6% in the 3rd quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after purchasing an additional 143 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its stake in Mondelez International by 16.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock valued at $78,000 after buying an additional 150 shares during the period. Carnegie Investment Counsel boosted its holdings in 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 buying an additional 151 shares during the last quarter. SeaCrest Wealth Management LLC grew 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 worth $894,000 after buying an additional 156 shares during the period. Finally, Canopy Partners LLC increased its stake in shares of Mondelez International by 1.2% in the 3rd quarter. Canopy Partners LLC now owns 13,335 shares of the company’s stock valued at $982,000 after acquiring an additional 161 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

NASDAQ MDLZ opened at $57.43 on Thursday. The firm’s 50 day moving average is $59.76 and its 200-day moving average is $66.53. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $76.79 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly 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 10.58% and a return on equity of 17.53%. Equities research analysts anticipate that Mondelez International, Inc. will post 3.44 earnings per share for the current fiscal 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 shares. This buyback authorization permits the company to buy 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 disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.27%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is 66.67%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Citigroup reduced their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Piper Sandler cut shares of Mondelez International from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $70.00 to $63.00 in a research report on Friday, January 31st. UBS Group decreased their price target on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. The Goldman Sachs Group dropped their price objective on Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, Wells Fargo & Company decreased their target price on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $72.35.

Mondelez International Company 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.