Axxcess Wealth Management LLC Sells 6,979 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Axxcess Wealth Management LLC reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 14.0% during the 4th quarter, HoldingsChannel reports. The fund owned 42,817 shares of the company’s stock after selling 6,979 shares during the period. Axxcess Wealth Management LLC’s holdings in Mondelez International were worth $2,557,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MDLZ. Tocqueville Asset Management L.P. boosted its holdings in shares of Mondelez International by 3.8% in the 4th quarter. Tocqueville Asset Management L.P. now owns 77,304 shares of the company’s stock worth $4,617,000 after purchasing an additional 2,815 shares during the period. Flagship Wealth Advisors LLC bought a new stake in Mondelez International in the fourth quarter worth $50,000. TCTC Holdings LLC boosted its stake in Mondelez International by 0.8% during the fourth quarter. TCTC Holdings LLC now owns 204,250 shares of the company’s stock worth $12,200,000 after buying an additional 1,681 shares during the period. Cibc World Markets Corp increased its position in Mondelez International by 139.1% during the fourth quarter. Cibc World Markets Corp now owns 1,025,833 shares of the company’s stock valued at $61,273,000 after acquiring an additional 596,865 shares during the last quarter. Finally, Addison Capital Co raised its stake in shares of Mondelez International by 0.5% in the fourth quarter. Addison Capital Co now owns 81,451 shares of the company’s stock valued at $4,865,000 after acquiring an additional 391 shares during the period. 78.32% of the stock is owned by institutional investors.

Mondelez International Trading Down 0.7 %

NASDAQ:MDLZ opened at $64.65 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The firm has a fifty day simple moving average of $60.95 and a 200-day simple moving average of $65.25. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a market capitalization of $83.63 billion, a P/E ratio of 18.90, a PEG ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. On average, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International announced that its board has authorized a share buyback program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio is presently 54.97%.

Analyst Ratings Changes

MDLZ has been the topic of several analyst reports. Citigroup cut their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. The Goldman Sachs Group cut their target price on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. UBS Group decreased their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. DZ Bank downgraded Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective on the stock. in a research report on Friday, February 7th. Finally, Royal Bank of Canada decreased their target price on Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. 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 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.