Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors trimmed its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 11.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,552 shares of the company’s stock after selling 866 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Mondelez International were worth $391,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of MDLZ. Truvestments Capital LLC acquired a new position in shares of Mondelez International during the third quarter worth about $25,000. Prospera Private Wealth LLC purchased a new stake in Mondelez International in the 3rd quarter valued at approximately $27,000. Hager Investment Management Services LLC purchased a new stake in Mondelez International in the 4th quarter valued at approximately $27,000. Richardson Financial Services Inc. increased its position in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares during the period. Finally, McClarren Financial Advisors Inc. purchased a new position in shares of Mondelez International during the 4th quarter worth approximately $32,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Trading Up 1.3 %

Shares of MDLZ stock opened at $61.96 on Thursday. The company has a market capitalization of $80.14 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 4.24 and a beta of 0.54. 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 50-day moving average price of $58.93 and a 200 day moving average price of $65.97. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data 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 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is 54.97%.

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. 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. Citigroup lowered their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research note on Wednesday, January 22nd. The Goldman Sachs Group lowered their target price on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Finally, Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and reduced their price target for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and an average target price of $69.74.

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.