Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 10.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,180 shares of the company’s stock after selling 636 shares during the quarter. Sovereign Financial Group Inc.’s holdings in Mondelez International were worth $309,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. One Capital Management LLC lifted its stake in shares of Mondelez International by 27.2% in the second quarter. One Capital Management LLC now owns 6,220 shares of the company’s stock worth $407,000 after buying an additional 1,331 shares in the last quarter. Edgestream Partners L.P. raised its holdings in Mondelez International by 8.8% in the 2nd quarter. Edgestream Partners L.P. now owns 41,878 shares of the company’s stock valued at $2,740,000 after acquiring an additional 3,373 shares during the last quarter. Axxcess Wealth Management LLC lifted its stake in Mondelez International by 9.3% in the 2nd quarter. Axxcess Wealth Management LLC now owns 69,593 shares of the company’s stock worth $4,554,000 after purchasing an additional 5,906 shares in the last quarter. E Fund Management Co. Ltd. boosted its holdings in shares of Mondelez International by 4.5% during the 2nd quarter. E Fund Management Co. Ltd. now owns 13,848 shares of the company’s stock worth $906,000 after purchasing an additional 596 shares during the last quarter. Finally, Meiji Yasuda Life Insurance Co increased its holdings in shares of Mondelez International by 2.1% in the second quarter. Meiji Yasuda Life Insurance Co now owns 98,565 shares of the company’s stock valued at $6,450,000 after purchasing an additional 2,025 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Price Performance

MDLZ stock opened at $56.64 on Thursday. The business’s fifty day moving average price is $62.11 and its 200 day moving average price is $67.44. Mondelez International, Inc. has a 12-month low of $55.97 and a 12-month high of $77.20. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $75.74 billion, a PE ratio of 20.09, a P/E/G ratio of 2.80 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same period in the prior year, the firm earned $0.82 earnings per share. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current year.

Mondelez International declared that its board has approved a stock buyback program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 10.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio is currently 66.67%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MDLZ. The Goldman Sachs Group lowered their price objective on Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research note on Tuesday. Bank of America upped their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Piper Sandler raised their price objective on shares of Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Stifel Nicolaus boosted their target price on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Redburn Atlantic started coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and an average target price of $76.79.

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.