Ridgepath Capital Management LLC Has $1.08 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Ridgepath Capital Management LLC lowered its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,110 shares of the company’s stock after selling 330 shares during the period. Mondelez International comprises 0.5% of Ridgepath Capital Management LLC’s portfolio, making the stock its 22nd largest holding. Ridgepath Capital Management LLC’s holdings in Mondelez International were worth $1,082,000 at the end of the most recent quarter.

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

Mondelez International Trading Up 2.2 %

MDLZ opened at $58.41 on Friday. Mondelez International, Inc. has a twelve month low of $55.97 and a twelve month high of $77.20. The firm has a market cap of $78.11 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 3.05 and a beta of 0.54. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The firm’s fifty day moving average is $60.34 and its two-hundred day moving average is $66.77.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. During the same quarter last year, the business posted $0.82 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. Equities research analysts anticipate that Mondelez International, Inc. will post 3.44 EPS for the current year.

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

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio is currently 66.67%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. The Goldman Sachs Group reduced 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. Redburn Atlantic assumed coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective on the stock. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $61.00 target price (down from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. Bank of America increased their price target on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Finally, Piper Sandler dropped their price objective on shares of Mondelez International from $84.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $73.18.

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.