Rede Wealth LLC Has $355,000 Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Rede Wealth LLC increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,944 shares of the company’s stock after buying an additional 361 shares during the quarter. Rede Wealth LLC’s holdings in Mondelez International were worth $355,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. State Street Corp increased its position in Mondelez International by 3.2% during the 3rd quarter. State Street Corp now owns 60,151,987 shares of the company’s stock worth $4,459,239,000 after purchasing an additional 1,851,247 shares in the last quarter. Geode Capital Management LLC increased its position in Mondelez International by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 28,204,955 shares of the company’s stock worth $2,069,906,000 after purchasing an additional 341,203 shares in the last quarter. FMR LLC increased its position in Mondelez International by 14.2% during the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after purchasing an additional 2,268,639 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Mondelez International by 2.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company’s stock worth $1,268,242,000 after purchasing an additional 489,068 shares in the last quarter. Finally, Mizuho Securities USA LLC increased its position in Mondelez International by 12,057.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after purchasing an additional 12,470,573 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on MDLZ shares. UBS Group decreased their price target on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus decreased 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, January 24th. Wells Fargo & Company decreased their price target on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research report on Wednesday. Piper Sandler cut shares of Mondelez International from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $70.00 to $63.00 in a research report on Friday, January 31st. Finally, Redburn Atlantic started coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $69.72.

Mondelez International Stock Up 1.1 %

Shares of NASDAQ MDLZ opened at $58.45 on Friday. The firm has a market cap of $78.16 billion, a PE ratio of 17.09, a P/E/G ratio of 4.04 and a beta of 0.54. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company’s fifty day simple moving average is $59.34 and its 200 day simple moving average is $66.35. The company has a quick ratio of 0.42, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last issued its 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 forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

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

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date was Tuesday, December 31st. 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.