Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.5% during the 4th quarter, HoldingsChannel reports. The fund owned 152,476 shares of the company’s stock after selling 8,869 shares during the quarter. State of Alaska Department of Revenue’s holdings in Mondelez International were worth $9,107,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Truvestments Capital LLC acquired a new position in Mondelez International in the 3rd quarter valued at about $25,000. Prospera Private Wealth LLC acquired a new stake in shares of Mondelez International during the 3rd quarter worth approximately $27,000. Hager Investment Management Services LLC purchased a new stake in shares of Mondelez International during the 4th quarter valued at approximately $27,000. Richardson Financial Services Inc. lifted 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 acquiring an additional 200 shares during the last quarter. Finally, Highline Wealth Partners LLC purchased a new position in Mondelez International in the third quarter worth approximately $38,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $57.83 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The company has a market cap of $77.33 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54. The stock’s 50-day moving average is $59.61 and its two-hundred day moving average is $66.47. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. Analysts forecast that Mondelez International, Inc. will post 3.44 EPS for the current fiscal year.

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

Mondelez International Announces Dividend

The company 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. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.25%. Mondelez International’s dividend payout ratio (DPR) is currently 66.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Royal Bank of Canada reduced their target price on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research report on Thursday. Citigroup decreased their target price 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. Piper Sandler lowered shares of Mondelez International from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $70.00 to $63.00 in a research note on Friday, January 31st. Bank of America boosted their price target on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Finally, Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $70.76.

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.