Vaughan David Investments LLC IL Buys 10,658 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Vaughan David Investments LLC IL grew its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 556,951 shares of the company’s stock after purchasing an additional 10,658 shares during the period. Vaughan David Investments LLC IL’s holdings in Mondelez International were worth $33,267,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hazlett Burt & Watson Inc. lifted its position in Mondelez International by 16.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock valued at $78,000 after purchasing an additional 150 shares during the period. Canopy Partners LLC increased its stake in Mondelez International by 1.2% during the third quarter. Canopy Partners LLC now owns 13,335 shares of the company’s stock worth $982,000 after acquiring an additional 161 shares during the last quarter. Hardy Reed LLC raised its holdings in Mondelez International by 1.4% in the 3rd quarter. Hardy Reed LLC now owns 11,511 shares of the company’s stock valued at $848,000 after buying an additional 161 shares during the period. Interchange Capital Partners LLC boosted its position in shares of Mondelez International by 4.9% during the 3rd quarter. Interchange Capital Partners LLC now owns 3,490 shares of the company’s stock worth $257,000 after purchasing an additional 163 shares during the period. Finally, Avidian Wealth Enterprises LLC grew its stake in shares of Mondelez International by 2.2% in the third quarter. Avidian Wealth Enterprises LLC now owns 7,641 shares of the company’s stock valued at $563,000 after buying an additional 163 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

MDLZ opened at $65.36 on Tuesday. The firm has a market capitalization of $84.55 billion, a P/E ratio of 19.11, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54. The stock’s 50 day moving average price is $59.05 and its two-hundred day moving average price is $65.83. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results 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 net margin of 12.68% and a return on equity of 16.75%. On average, equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.88%. Mondelez International’s dividend payout ratio is presently 54.97%.

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MDLZ. Stifel Nicolaus cut their target price on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Piper Sandler cut shares of Mondelez International from an “overweight” rating to a “neutral” rating and cut their target price for the company from $70.00 to $63.00 in a report on Friday, January 31st. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and cut their target price for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. Mizuho lifted their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, February 14th. Finally, Dbs Bank lowered shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.74.

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.