Dynamic Advisor Solutions LLC Cuts Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Dynamic Advisor Solutions LLC decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 12.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 19,813 shares of the company’s stock after selling 2,775 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Mondelez International were worth $1,183,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Axiom Advisory LLC grew its holdings in shares of Mondelez International by 1.6% during the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after buying an additional 143 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its position in Mondelez International by 16.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock worth $78,000 after acquiring an additional 150 shares during the last quarter. Carnegie Investment Counsel grew its stake in Mondelez International by 1.4% during the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock valued at $811,000 after acquiring an additional 151 shares in the last quarter. SeaCrest Wealth Management LLC raised its holdings in Mondelez International by 1.3% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 12,130 shares of the company’s stock valued at $894,000 after acquiring an additional 156 shares during the last quarter. Finally, Quent Capital LLC lifted its stake in Mondelez International by 5.5% in the 3rd quarter. Quent Capital LLC now owns 3,047 shares of the company’s stock worth $225,000 after purchasing an additional 160 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of analyst reports. UBS Group dropped their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company restated an “equal weight” rating and issued a $61.00 target price (down from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. Piper Sandler reduced their price target on Mondelez International from $84.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a report on Wednesday, January 22nd. Finally, Bank of America lifted their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $73.06.

Mondelez International Stock Up 0.8 %

Shares of NASDAQ MDLZ opened at $57.42 on Monday. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The business’s 50 day moving average is $60.74 and its two-hundred day moving average is $66.94. Mondelez International, Inc. has a 52-week low of $55.97 and a 52-week high of $77.20. The firm has a market cap of $76.78 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 2.96 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data 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 firm had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. During the same quarter in the previous year, the business earned $0.82 EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. Research analysts predict that Mondelez International, Inc. will post 3.45 EPS for the current year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given 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 is presently 66.67%.

Mondelez International announced that its Board of Directors has authorized a stock repurchase 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 shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

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.