Valley National Advisers Inc. Cuts Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Valley National Advisers Inc. reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 14.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,827 shares of the company’s stock after selling 989 shares during the period. Valley National Advisers Inc.’s holdings in Mondelez International were worth $347,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new position in shares of Mondelez International in the 3rd quarter worth $25,000. Prospera Private Wealth LLC bought a new stake in Mondelez International during the third quarter valued at about $27,000. Richardson Financial Services Inc. grew its stake 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 last quarter. Highline Wealth Partners LLC bought a new position in Mondelez International in the third quarter worth about $38,000. Finally, Hara Capital LLC purchased a new stake in shares of Mondelez International during the third quarter valued at about $45,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Down 0.7 %

MDLZ stock opened at $57.99 on Monday. The company has a market capitalization of $77.54 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54. Mondelez International, Inc. has a 12 month low of $55.97 and a 12 month high of $77.20. The firm’s fifty day simple moving average is $60.09 and its 200-day simple moving average is $66.67. 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 declared that its Board of Directors has initiated a stock buyback plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase plans are often 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 was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s payout ratio is 66.67%.

Analyst Ratings Changes

MDLZ has been the topic of a number of analyst reports. Citigroup cut their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Jefferies Financial Group lowered shares of Mondelez International from a “buy” rating to a “hold” rating and cut their price target for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. UBS Group decreased their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Piper Sandler cut Mondelez International from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $70.00 to $63.00 in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $72.76.

Mondelez International Company 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.