Sequoia Financial Advisors LLC Buys 341 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Sequoia Financial Advisors LLC raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,814 shares of the company’s stock after acquiring an additional 341 shares during the period. Sequoia Financial Advisors LLC’s holdings in Mondelez International were worth $1,900,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of MDLZ. Truvestments Capital LLC bought a new stake in shares of Mondelez International during the 3rd quarter worth $25,000. Prospera Private Wealth LLC bought a new stake in shares of Mondelez International during the 3rd quarter worth $27,000. Marshall Investment Management LLC bought a new stake in shares of Mondelez International during the 4th quarter worth $26,000. Hager Investment Management Services LLC bought a new stake in shares of Mondelez International during the 4th quarter worth $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Mondelez International during the 4th quarter worth $31,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Down 0.6 %

MDLZ stock opened at $64.31 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $83.19 billion, a PE ratio of 18.80, a PEG ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The stock has a 50-day simple moving average of $60.69 and a two-hundred day simple moving average of $65.42.

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

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

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MDLZ shares. Piper Sandler cut Mondelez International from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $70.00 to $63.00 in a research note on Friday, January 31st. The Goldman Sachs Group lowered their target price on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Argus lowered Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Mizuho lifted their price objective on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Finally, Barclays decreased their price objective on Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and a consensus target price of $69.74.

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.