Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 118,851 shares of the company’s stock after selling 7,087 shares during the period. Dana Investment Advisors Inc.’s holdings in Mondelez International were worth $7,099,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Truvestments Capital LLC purchased a new stake in shares of Mondelez International in the third quarter valued at approximately $25,000. Prospera Private Wealth LLC purchased a new stake in shares of Mondelez International in the third quarter valued at approximately $27,000. Marshall Investment Management LLC purchased a new stake in shares of Mondelez International in the fourth quarter valued at approximately $26,000. Hager Investment Management Services LLC purchased a new stake in shares of Mondelez International in the fourth quarter valued at approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Mondelez International in the fourth quarter valued at approximately $31,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Trading Up 1.5 %

MDLZ opened at $66.30 on Thursday. The firm has a market capitalization of $85.76 billion, a P/E ratio of 19.39, a P/E/G ratio of 4.34 and a beta of 0.50. The firm’s 50 day moving average is $59.77 and its 200-day moving average is $65.61. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

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

Mondelez International announced that its board has authorized a stock repurchase plan on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.84%. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MDLZ. Royal Bank of Canada decreased their price target on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft decreased their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. The Goldman Sachs Group decreased their target price on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Mizuho boosted their target price on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. Finally, Piper Sandler downgraded Mondelez International from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $70.00 to $63.00 in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average price target of $69.74.

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.