Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC trimmed its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.9% during the 4th quarter, Holdings Channel reports. The fund owned 16,928 shares of the company’s stock after selling 499 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Mondelez International were worth $1,011,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MDLZ. Truvestments Capital LLC acquired a new stake in Mondelez International during the third quarter worth about $25,000. Prospera Private Wealth LLC acquired a new stake in Mondelez International in the third quarter valued at approximately $27,000. Richardson Financial Services Inc. grew 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 purchasing an additional 200 shares during the period. Highline Wealth Partners LLC acquired a new stake in Mondelez International in the third quarter valued at approximately $38,000. Finally, Albion Financial Group UT acquired a new stake in Mondelez International in the fourth quarter valued at approximately $38,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $58.41 on Friday. Mondelez International, Inc. has a 52 week low of $55.97 and a 52 week high of $77.20. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $78.11 billion, a P/E ratio of 20.71, a P/E/G ratio of 3.05 and a beta of 0.54. The stock’s fifty day moving average is $60.34 and its two-hundred day moving average is $66.77.

Mondelez International (NASDAQ:MDLZ) last posted 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 for the quarter, compared to the consensus estimate of $9.11 billion. During the same quarter in the previous year, the business earned $0.82 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. Equities analysts expect that Mondelez International, Inc. will post 3.44 EPS for the current year.

Mondelez International announced that its Board of Directors has authorized a share buyback plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Mondelez International Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have commented on MDLZ. Wells Fargo & Company reissued an “equal weight” rating and issued a $61.00 price objective (down from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and dropped their price objective for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. Stifel Nicolaus decreased their target price on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Piper Sandler decreased their target price on Mondelez International from $84.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Finally, Redburn Atlantic began coverage on Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $73.18.

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.