AM Investment Strategies LLC Purchases 10,387 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

AM Investment Strategies LLC grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 151.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 17,249 shares of the company’s stock after acquiring an additional 10,387 shares during the quarter. AM Investment Strategies LLC’s holdings in Mondelez International were worth $1,030,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Axiom Advisory LLC grew its holdings in shares of Mondelez International by 1.6% in the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock valued at $643,000 after purchasing an additional 143 shares during the period. Hazlett Burt & Watson Inc. grew its stake in shares of Mondelez International by 16.5% in the 3rd 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 grew its stake in shares of Mondelez International by 1.4% in the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock valued at $811,000 after buying an additional 151 shares during the period. SeaCrest Wealth Management LLC increased its holdings 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 last quarter. Finally, Quent Capital LLC raised its position in shares of Mondelez International by 5.5% during the 3rd quarter. Quent Capital LLC now owns 3,047 shares of the company’s stock valued at $225,000 after buying an additional 160 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on MDLZ. Piper Sandler cut their target price on Mondelez International from $84.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Bank of America raised their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Citigroup decreased their target price on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus dropped their price target on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Friday. Finally, UBS Group decreased their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $73.06.

Mondelez International Stock Up 0.8 %

MDLZ stock opened at $57.42 on Friday. The company’s 50 day moving average price is $60.88 and its 200 day moving average price is $66.99. The firm has a market capitalization of $76.78 billion, a price-to-earnings ratio of 20.36, a PEG 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 quick ratio of 0.42 and a current ratio of 0.63.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. The business had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the business earned $0.82 EPS. On average, equities research analysts anticipate that Mondelez International, Inc. will post 3.45 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is 66.67%.

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

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.