Cliftonlarsonallen Wealth Advisors LLC Invests $637,000 in Mondelez International, Inc. $MDLZ

Cliftonlarsonallen Wealth Advisors LLC acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,198 shares of the company’s stock, valued at approximately $637,000.

Several other large investors also recently modified their holdings of MDLZ. Soundwatch Capital LLC bought a new stake in Mondelez International during the second quarter valued at $27,000. Rossby Financial LCC raised its position in shares of Mondelez International by 966.7% in the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after acquiring an additional 406 shares in the last quarter. Aspect Partners LLC lifted its stake in shares of Mondelez International by 180.5% in the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after purchasing an additional 305 shares during the period. Financial Connections Group Inc. bought a new stake in shares of Mondelez International during the 2nd quarter valued at about $33,000. Finally, Saudi Central Bank acquired a new stake in Mondelez International during the first quarter worth approximately $36,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

Shares of MDLZ opened at $54.31 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.37 and a current ratio of 0.61. The stock has a 50 day moving average price of $57.14 and a two-hundred day moving average price of $62.09. The firm has a market capitalization of $70.08 billion, a P/E ratio of 20.34 and a beta of 0.39. Mondelez International, Inc. has a 52 week low of $53.13 and a 52 week high of $71.15.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The company had revenue of $7.30 billion for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%. Equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Mondelez International’s payout ratio is currently 74.91%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MDLZ shares. Sanford C. Bernstein dropped their price target on Mondelez International from $85.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Royal Bank Of Canada decreased their price target on shares of Mondelez International from $71.00 to $67.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mondelez International in a report on Tuesday, October 14th. Zacks Research cut Mondelez International from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Finally, Barclays lowered their target price on Mondelez International from $71.00 to $67.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.58.

About Mondelez International

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.