Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Stonegate Investment Group LLC

Stonegate Investment Group LLC cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 13.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,478 shares of the company’s stock after selling 862 shares during the period. Stonegate Investment Group LLC’s holdings in Mondelez International were worth $327,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of MDLZ. Czech National Bank raised its position in shares of Mondelez International by 6.5% during the 4th quarter. Czech National Bank now owns 289,931 shares of the company’s stock worth $17,318,000 after acquiring an additional 17,815 shares in the last quarter. Legacy Private Trust Co. increased its stake in Mondelez International by 33.2% in the fourth quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock valued at $229,000 after purchasing an additional 957 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in Mondelez International by 1,904.9% during the third quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company’s stock worth $31,369,000 after purchasing an additional 404,567 shares in the last quarter. Kingsview Wealth Management LLC lifted its position in shares of Mondelez International by 14.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock worth $8,430,000 after buying an additional 14,278 shares during the last quarter. Finally, Miracle Mile Advisors LLC boosted its holdings in shares of Mondelez International by 374.9% in the 4th quarter. Miracle Mile Advisors LLC now owns 22,124 shares of the company’s stock valued at $1,321,000 after buying an additional 17,465 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MDLZ. Stifel Nicolaus reduced their price target on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Bank of America boosted their target price on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. 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 note on Thursday, January 16th. Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and reduced their price objective for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Finally, UBS Group cut their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $73.06.

Mondelez International Price Performance

Shares of MDLZ opened at $56.91 on Wednesday. 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 stock’s 50 day moving average is $60.63 and its two-hundred day moving average is $66.90. Mondelez International, Inc. has a twelve month low of $55.97 and a twelve month high of $77.20. The firm has a market capitalization of $76.10 billion, a PE ratio of 20.18, a P/E/G ratio of 2.96 and a beta of 0.54.

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

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders 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 3.30%. Mondelez International’s payout ratio is currently 66.67%.

Mondelez International announced that its Board of Directors has approved a stock buyback plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

About Mondelez International

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.