Boltwood Capital Management Purchases 382 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Boltwood Capital Management grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,270 shares of the company’s stock after purchasing an additional 382 shares during the period. Boltwood Capital Management’s holdings in Mondelez International were worth $793,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Truvestments Capital LLC bought a new stake in Mondelez International in the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC bought a new stake in shares of Mondelez International in the 3rd quarter worth approximately $27,000. Richardson Financial Services Inc. boosted its stake in shares of Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. Highline Wealth Partners LLC bought a new position in shares of Mondelez International during the 3rd quarter valued at $38,000. Finally, Hara Capital LLC purchased a new position in Mondelez International in the 3rd quarter worth $45,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MDLZ. Citigroup cut their price target on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft lowered Mondelez International from a “buy” rating to a “hold” rating and reduced their price target for the stock from $78.00 to $67.00 in a research report on Thursday, December 12th. Piper Sandler increased their price objective on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Bank of America lifted their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Finally, Redburn Atlantic assumed coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.07.

Mondelez International Stock Performance

Shares of MDLZ stock traded down $0.79 during trading hours on Monday, reaching $59.07. The company had a trading volume of 2,509,592 shares, compared to its average volume of 5,042,416. The firm has a market cap of $78.99 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 2.80 and a beta of 0.54. The business has a fifty day moving average price of $63.71 and a 200-day moving average price of $67.89. Mondelez International, Inc. has a one year low of $58.90 and a one year 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 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. The company had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. Mondelez International’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 earnings per share. Sell-side analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be given a dividend of $0.47 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.18%. Mondelez International’s dividend payout ratio (DPR) is 66.67%.

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

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.