Southland Equity Partners LLC Acquires 2,132 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Southland Equity Partners LLC boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 34.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,345 shares of the company’s stock after purchasing an additional 2,132 shares during the quarter. Southland Equity Partners LLC’s holdings in Mondelez International were worth $498,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. RFG Advisory LLC boosted its holdings in shares of Mondelez International by 12.9% during the 4th quarter. RFG Advisory LLC now owns 5,417 shares of the company’s stock worth $324,000 after buying an additional 619 shares during the period. Brighton Jones LLC lifted its position in Mondelez International by 92.4% during the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after acquiring an additional 7,025 shares during the last quarter. Veracity Capital LLC boosted its stake in Mondelez International by 3.2% in the 4th quarter. Veracity Capital LLC now owns 6,594 shares of the company’s stock valued at $394,000 after purchasing an additional 206 shares during the period. Red Door Wealth Management LLC lifted its holdings in shares of Mondelez International by 11.0% during the fourth quarter. Red Door Wealth Management LLC now owns 6,430 shares of the company’s stock worth $384,000 after buying an additional 638 shares in the last quarter. Finally, Goldstein Advisors LLC boosted its position in shares of Mondelez International by 39.8% in the fourth quarter. Goldstein Advisors LLC now owns 4,621 shares of the company’s stock valued at $276,000 after acquiring an additional 1,316 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $56.96 on Friday. The company’s 50 day moving average price is $61.05 and its two-hundred day moving average price is $67.06. The firm has a market capitalization of $76.17 billion, a P/E ratio of 20.20, a P/E/G ratio of 2.96 and a beta of 0.54. Mondelez International, Inc. has a fifty-two week low of $55.97 and a fifty-two week high of $77.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating 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 company 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. Mondelez International’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities analysts forecast that Mondelez International, Inc. will post 3.45 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.30%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio is currently 66.67%.

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

Analysts Set New Price Targets

A number of equities analysts recently commented on MDLZ shares. Evercore ISI raised their price target on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $61.00 target price (down from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. Redburn Atlantic started coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target for the company. The Goldman Sachs Group reduced their price target on Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Bank of America lifted their price objective on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average target price of $73.81.

About Mondelez International

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.