Personal CFO Solutions LLC Decreases Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Personal CFO Solutions LLC trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,964 shares of the company’s stock after selling 421 shares during the quarter. Personal CFO Solutions LLC’s holdings in Mondelez International were worth $356,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Truvestments Capital LLC purchased a new position in Mondelez International in the 3rd quarter worth approximately $25,000. Marshall Investment Management LLC purchased a new position in Mondelez International in the 4th quarter worth approximately $26,000. Prospera Private Wealth LLC purchased a new position in Mondelez International in the 3rd quarter worth approximately $27,000. Hager Investment Management Services LLC purchased a new position in Mondelez International in the 4th quarter worth approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Mondelez International in the 4th quarter worth approximately $31,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MDLZ has been the topic of a number of analyst reports. Wells Fargo & Company decreased their price target on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and decreased their price target for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. DZ Bank cut Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target on the stock. in a research note on Friday, February 7th. Piper Sandler lowered Mondelez International from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $70.00 to $63.00 in a research report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft cut their price objective 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $69.74.

Mondelez International Trading Up 0.6 %

NASDAQ MDLZ opened at $68.15 on Tuesday. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The firm has a market capitalization of $88.15 billion, a PE ratio of 19.93, a P/E/G ratio of 4.34 and a beta of 0.50. The stock’s 50 day moving average is $60.23 and its 200 day moving average is $65.50.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

Mondelez International declared that its Board of Directors has initiated a share buyback plan on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

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.