Meadow Creek Wealth Advisors LLC Grows Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Meadow Creek Wealth Advisors LLC grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 15.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,906 shares of the company’s stock after acquiring an additional 519 shares during the period. Meadow Creek Wealth Advisors LLC’s holdings in Mondelez International were worth $233,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MDLZ. Truvestments Capital LLC acquired a new position in shares of Mondelez International during the third quarter worth about $25,000. Prospera Private Wealth LLC acquired a new position in Mondelez International during the 3rd quarter worth approximately $27,000. Hager Investment Management Services LLC purchased a new position in Mondelez International in the 4th quarter worth approximately $27,000. Richardson Financial Services Inc. grew its position in Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after acquiring an additional 200 shares in the last quarter. Finally, Highline Wealth Partners LLC purchased a new stake in shares of Mondelez International during the third quarter valued at approximately $38,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Up 2.3 %

Shares of NASDAQ MDLZ opened at $57.43 on Thursday. The company has a market cap of $76.79 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54. The stock’s 50 day simple moving average is $59.76 and its 200 day simple moving average is $66.53. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. 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 expect that Mondelez International, Inc. will post 3.44 EPS for the current year.

Mondelez International declared that its Board of Directors has initiated a share repurchase program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.27%. Mondelez International’s payout ratio is currently 66.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MDLZ shares. Citigroup lowered their price target on shares of 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 dropped their target price on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $75.00 price target on shares of Mondelez International in a report on Thursday, January 30th. 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 report on Tuesday, January 14th. Finally, Redburn Atlantic initiated coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.