Hendley & Co. Inc. Sells 660 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Hendley & Co. Inc. cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,370 shares of the company’s stock after selling 660 shares during the quarter. Hendley & Co. Inc.’s holdings in Mondelez International were worth $2,531,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MDLZ. Truvestments Capital LLC acquired a new position in Mondelez International in the 3rd quarter valued at about $25,000. Marshall Investment Management LLC acquired a new position in shares of Mondelez International in the fourth quarter valued at approximately $26,000. Prospera Private Wealth LLC acquired a new position in shares of Mondelez International in the third quarter valued at approximately $27,000. Hager Investment Management Services LLC bought a new position in shares of Mondelez International during the fourth quarter worth approximately $27,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in Mondelez International during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. DZ Bank lowered Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective on the stock. in a report on Friday, February 7th. Piper Sandler lowered shares of Mondelez International from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $70.00 to $63.00 in a research report on Friday, January 31st. Mizuho boosted their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, February 14th. Citigroup lowered their target price on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on 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 equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $69.74.

Mondelez International Trading Up 1.1 %

Shares of Mondelez International stock opened at $65.36 on Tuesday. The firm’s 50 day moving average is $59.05 and its 200 day moving average is $65.83. The firm has a market capitalization of $84.55 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results 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 return on equity of 16.75% and a net margin of 12.68%. Equities research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.88%. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Mondelez International announced that its Board of Directors has authorized a stock repurchase program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is 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.