Cetera Advisor Networks LLC Has $11.80 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Posted by Defense World Staff on Jun 13th, 2023

Cetera Advisor Networks LLC grew its position in Mondelez International, Inc. (NASDAQ:MDLZ – Get Rating) by 41.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 176,997 shares of the company’s stock after buying an additional 51,633 shares during the period. Cetera Advisor Networks LLC’s holdings in Mondelez International were worth $11,797,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Directions Investment Advisors LLC acquired a new stake in shares of Mondelez International during the fourth quarter worth $27,000. VitalStone Financial LLC acquired a new position in Mondelez International in the fourth quarter valued at about $29,000. New England Capital Financial Advisors LLC acquired a new position in Mondelez International in the fourth quarter valued at about $29,000. Armstrong Advisory Group Inc. acquired a new position in Mondelez International in the fourth quarter valued at about $35,000. Finally, PSI Advisors LLC grew its stake in Mondelez International by 84.7% in the fourth quarter. PSI Advisors LLC now owns 554 shares of the company’s stock valued at $37,000 after acquiring an additional 254 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

Mondelez International stock opened at $72.81 on Tuesday. Mondelez International, Inc. has a 12 month low of $54.72 and a 12 month high of $78.59. The stock’s 50 day moving average is $74.09 and its 200-day moving average is $69.19. The company has a current ratio of 0.68, a quick ratio of 0.49 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $99.16 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 2.86 and a beta of 0.65.

Mondelez International (NASDAQ:MDLZ – Get Rating) last posted its earnings results on Thursday, April 27th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.80 by $0.09. Mondelez International had a return on equity of 15.24% and a net margin of 11.99%. The company had revenue of $9.17 billion for the quarter, compared to the consensus estimate of $8.43 billion. During the same quarter in the prior year, the business earned $0.84 earnings per share. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. Equities research analysts expect that Mondelez International, Inc. will post 3.19 EPS for the current year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be given a $0.385 dividend. This represents a $1.54 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Thursday, June 29th. Mondelez International’s payout ratio is 53.66%.

Analyst Ratings Changes

A number of research analysts have issued reports on MDLZ shares. UBS Group boosted their target price on Mondelez International from $72.00 to $78.00 in a research note on Friday, April 28th. StockNews.com initiated coverage on Mondelez International in a research note on Thursday, May 18th. They issued a “buy” rating for the company. Jefferies Financial Group boosted their price target on Mondelez International from $79.00 to $86.00 in a report on Friday, April 28th. Mizuho boosted their price target on Mondelez International from $78.00 to $86.00 in a report on Monday, May 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Mondelez International from $76.00 to $80.00 in a report on Friday, April 28th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $77.00.

Mondelez International Profile

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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.