Proficio Capital Partners LLC Purchases New Shares in Mondelez International, Inc. (NASDAQ:MDLZ)

Proficio Capital Partners LLC acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 168,823 shares of the company’s stock, valued at approximately $10,084,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. raised its position in shares of Mondelez International by 0.4% during the 4th quarter. Assetmark Inc. now owns 97,171 shares of the company’s stock worth $5,804,000 after purchasing an additional 430 shares during the last quarter. NewSquare Capital LLC increased its stake in Mondelez International by 3.9% during the 4th quarter. NewSquare Capital LLC now owns 12,578 shares of the company’s stock worth $751,000 after buying an additional 470 shares in the last quarter. J.Safra Asset Management Corp acquired a new position in shares of Mondelez International during the fourth quarter valued at approximately $45,000. Victory Capital Management Inc. lifted its position in shares of Mondelez International by 1.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,682,573 shares of the company’s stock valued at $100,500,000 after acquiring an additional 21,865 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its stake in shares of Mondelez International by 175.1% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 958,566 shares of the company’s stock worth $57,255,000 after acquiring an additional 610,163 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft decreased their price objective on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Wednesday, January 22nd. UBS Group lowered their price target on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Piper Sandler downgraded shares of Mondelez International from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $70.00 to $63.00 in a report on Friday, January 31st. Barclays lowered their target price on Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Finally, Jefferies Financial Group downgraded Mondelez International from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $69.74.

Mondelez International Price Performance

MDLZ opened at $64.31 on Friday. The stock’s 50-day moving average price is $60.69 and its 200 day moving average price is $65.38. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The firm has a market cap of $83.19 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 4.34 and a beta of 0.50. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last issued 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 return on equity of 16.75% and a net margin of 12.68%. As a group, sell-side analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

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

Mondelez International Dividend Announcement

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

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.