Toth Financial Advisory Corp Sells 1,137 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Toth Financial Advisory Corp decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 133,378 shares of the company’s stock after selling 1,137 shares during the period. Toth Financial Advisory Corp’s holdings in Mondelez International were worth $7,967,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Truvestments Capital LLC purchased a new stake in Mondelez International in the 3rd quarter valued at about $25,000. Prospera Private Wealth LLC bought a new stake in shares of Mondelez International during the third quarter valued at approximately $27,000. Richardson Financial Services Inc. boosted 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 valued at $28,000 after purchasing an additional 200 shares during the period. Highline Wealth Partners LLC bought a new position in Mondelez International in the third quarter worth approximately $38,000. Finally, Albion Financial Group UT purchased a new position in Mondelez International during the 4th quarter worth $38,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

Shares of MDLZ opened at $57.42 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The firm has a market cap of $76.78 billion, a PE ratio of 20.36, a P/E/G ratio of 2.96 and a beta of 0.54. Mondelez International, Inc. has a 12 month low of $55.97 and a 12 month high of $77.20. The stock has a fifty day moving average price of $60.74 and a 200-day moving average price of $66.93.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same period in the prior year, the company posted $0.82 EPS. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. Equities research analysts predict that Mondelez International, Inc. will post 3.45 earnings per share for the current fiscal year.

Mondelez International declared that its board has initiated a share buyback program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued 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 3.27%. Mondelez International’s dividend payout ratio (DPR) is currently 66.67%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MDLZ. Piper Sandler dropped their price target on Mondelez International from $84.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company reiterated an “equal weight” rating and set a $61.00 target price (down from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. The Goldman Sachs Group cut their target price on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Redburn Atlantic initiated coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target for the company. Finally, Bank of America lifted their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $73.06.

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.