Nisa Investment Advisors LLC Decreases Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Nisa Investment Advisors LLC cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 515,439 shares of the company’s stock after selling 9,615 shares during the period. Nisa Investment Advisors LLC’s holdings in Mondelez International were worth $31,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new stake in shares of Mondelez International in the third quarter worth approximately $25,000. Prospera Private Wealth LLC purchased a new stake in shares of Mondelez International in the third quarter worth approximately $27,000. Richardson Financial Services Inc. raised its holdings in shares of Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares during the period. Highline Wealth Partners LLC purchased a new stake in shares of Mondelez International in the third quarter worth approximately $38,000. Finally, Hara Capital LLC purchased a new stake in shares of Mondelez International in the third quarter worth approximately $45,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Bank of America increased their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Wells Fargo & Company reissued an “equal weight” rating and issued a $61.00 price objective (down previously from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. Piper Sandler dropped their price objective on Mondelez International from $84.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Redburn Atlantic assumed coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective on the stock. Finally, The Goldman Sachs Group dropped their price objective on Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $73.81.

Mondelez International Stock Down 2.2 %

Mondelez International stock opened at $56.31 on Thursday. 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 stock has a market capitalization of $75.30 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 3.12 and a beta of 0.54. Mondelez International, Inc. has a 1-year low of $55.97 and a 1-year high of $77.20. The business has a fifty day moving average price of $61.25 and a 200-day moving average price of $67.13.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The firm had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.82 EPS. Equities research analysts forecast that Mondelez International, Inc. will post 3.47 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors 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 yield of 3.34%. Mondelez International’s dividend payout ratio (DPR) is 66.67%.

Mondelez International declared that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is 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.