TFG Advisers LLC Cuts Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

TFG Advisers LLC cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,824 shares of the company’s stock after selling 423 shares during the quarter. TFG Advisers LLC’s holdings in Mondelez International were worth $647,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cidel Asset Management Inc. boosted its holdings in shares of Mondelez International by 6.4% in the fourth quarter. Cidel Asset Management Inc. now owns 8,701 shares of the company’s stock valued at $520,000 after acquiring an additional 522 shares in the last quarter. Conning Inc. lifted its position in Mondelez International by 16.9% in the fourth quarter. Conning Inc. now owns 593,602 shares of the company’s stock valued at $35,456,000 after purchasing an additional 85,807 shares during the period. Golden State Wealth Management LLC purchased a new stake in Mondelez International in the 4th quarter valued at approximately $213,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Mondelez International by 7.2% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 180,279 shares of the company’s stock worth $10,768,000 after purchasing an additional 12,184 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Mondelez International by 0.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,465,809 shares of the company’s stock worth $207,013,000 after buying an additional 20,085 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Trading Up 1.1 %

Shares of MDLZ stock opened at $58.45 on Friday. The company has a market capitalization of $78.16 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 3.12 and a beta of 0.54. 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 firm has a 50-day moving average price of $59.47 and a 200 day moving average price of $66.41. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data 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 net margin of 10.58% and a return on equity of 17.53%. Research analysts forecast that Mondelez International, Inc. will post 3.44 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio is currently 54.97%.

Mondelez International declared that its board has authorized a stock buyback 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 stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Bank of America lifted their price target on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Royal Bank of Canada lowered their price target on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research note on Thursday. Barclays reduced their price objective on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday. Piper Sandler lowered shares of Mondelez International from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $70.00 to $63.00 in a research report on Friday, January 31st. Finally, Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and dropped their target price for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.72.

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.