Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Schear Investment Advisers LLC

Schear Investment Advisers LLC decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 23.0% during the fourth quarter, Holdings Channel reports. The firm owned 6,132 shares of the company’s stock after selling 1,835 shares during the quarter. Schear Investment Advisers LLC’s holdings in Mondelez International were worth $366,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in MDLZ. Truvestments Capital LLC acquired a new position in Mondelez International in the 3rd quarter valued at about $25,000. Prospera Private Wealth LLC purchased a new stake in Mondelez International during the 3rd quarter worth approximately $27,000. Hager Investment Management Services LLC acquired a new stake in Mondelez International during the 4th quarter worth approximately $27,000. Richardson Financial Services Inc. boosted its position in Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after buying an additional 200 shares during the period. Finally, Highline Wealth Partners LLC purchased a new position in Mondelez International in the 3rd quarter valued at approximately $38,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Redburn Atlantic initiated coverage on Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective on the stock. Barclays reduced their price target on Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. UBS Group lowered their price objective 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. Piper Sandler lowered shares of Mondelez International from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $70.00 to $63.00 in a research note on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft decreased their price target 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and an average target price of $69.72.

Mondelez International Stock Performance

Mondelez International stock opened at $60.45 on Wednesday. The stock’s 50-day moving average is $59.20 and its 200-day moving average is $66.30. The company has a market cap of $80.83 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 4.04 and a beta of 0.54. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.42.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Equities analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 3.11%. Mondelez International’s payout ratio is currently 54.97%.

Mondelez International declared that its Board of Directors has authorized a stock buyback program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes 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 board of directors believes its shares are 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.