Buckley Wealth Management LLC Buys 271 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Buckley Wealth Management LLC raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,512 shares of the company’s stock after purchasing an additional 271 shares during the period. Buckley Wealth Management LLC’s holdings in Mondelez International were worth $628,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Truvestments Capital LLC bought a new stake in Mondelez International in the third quarter valued at $25,000. Prospera Private Wealth LLC bought a new stake in Mondelez International in the third quarter valued at $27,000. Marshall Investment Management LLC bought a new stake in shares of Mondelez International during the fourth quarter worth about $26,000. Hager Investment Management Services LLC bought a new stake in shares of Mondelez International during the fourth quarter worth about $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Mondelez International during the fourth quarter worth about $31,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Down 0.6 %

MDLZ opened at $64.31 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock 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. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company’s 50-day moving average price is $60.69 and its two-hundred day moving average price is $65.42.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. As a group, equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International announced that its board has initiated a stock 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 buy up to 10.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Mondelez International Announces Dividend

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

Wall Street Analysts Forecast Growth

MDLZ has been the subject of several recent research reports. Barclays decreased their target price on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and decreased their target price for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. Argus downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research report on Wednesday, January 22nd. Finally, Dbs Bank cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.