Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by United Asset Strategies Inc.

United Asset Strategies Inc. cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 42.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,851 shares of the company’s stock after selling 11,143 shares during the period. United Asset Strategies Inc.’s holdings in Mondelez International were worth $887,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in MDLZ. Truvestments Capital LLC acquired a new position in Mondelez International during the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC acquired a new position in shares of Mondelez International during the third quarter worth $27,000. Richardson Financial Services Inc. increased its holdings in Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after buying an additional 200 shares during the last quarter. Highline Wealth Partners LLC purchased a new position in Mondelez International in the third quarter valued at $38,000. Finally, Albion Financial Group UT purchased a new stake in Mondelez International during the 4th quarter worth about $38,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wells Fargo & Company reiterated an “equal weight” rating and issued a $61.00 price objective (down previously from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. Bank of America raised their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and lowered their target price for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. UBS Group cut their price target on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Citigroup decreased their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.06.

Mondelez International Stock Up 1.6 %

MDLZ opened at $58.32 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. Mondelez International, Inc. has a 12 month low of $55.97 and a 12 month high of $77.20. The stock has a market capitalization of $77.98 billion, a P/E ratio of 20.68, a P/E/G ratio of 2.96 and a beta of 0.54. The business has a 50 day simple moving average of $60.74 and a 200-day simple moving average of $66.95.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. During the same quarter last year, the company earned $0.82 earnings per share. Mondelez International’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, equities analysts anticipate that Mondelez International, Inc. will post 3.45 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is 66.67%.

Mondelez International announced that its Board of Directors has approved a stock buyback program on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to buy up to 10.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.