Axxcess Wealth Management LLC Sells 6,979 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Axxcess Wealth Management LLC lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 14.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 42,817 shares of the company’s stock after selling 6,979 shares during the period. Axxcess Wealth Management LLC’s holdings in Mondelez International were worth $2,557,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MDLZ. Tocqueville Asset Management L.P. lifted its position in Mondelez International by 3.8% in the 4th quarter. Tocqueville Asset Management L.P. now owns 77,304 shares of the company’s stock valued at $4,617,000 after acquiring an additional 2,815 shares in the last quarter. Flagship Wealth Advisors LLC purchased a new position in shares of Mondelez International in the fourth quarter worth $50,000. TCTC Holdings LLC lifted its holdings in shares of Mondelez International by 0.8% during the fourth quarter. TCTC Holdings LLC now owns 204,250 shares of the company’s stock valued at $12,200,000 after purchasing an additional 1,681 shares in the last quarter. Cibc World Markets Corp boosted its position in shares of Mondelez International by 139.1% during the fourth quarter. Cibc World Markets Corp now owns 1,025,833 shares of the company’s stock valued at $61,273,000 after buying an additional 596,865 shares during the last quarter. Finally, Addison Capital Co increased its holdings in Mondelez International by 0.5% in the 4th quarter. Addison Capital Co now owns 81,451 shares of the company’s stock worth $4,865,000 after buying an additional 391 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 0.7 %

Shares of MDLZ stock opened at $64.65 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The stock has a fifty day simple moving average of $60.95 and a two-hundred day simple moving average of $65.25. The firm has a market capitalization of $83.63 billion, a PE ratio of 18.90, a PEG ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06.

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

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Mondelez International declared that its board has authorized a stock buyback plan 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 plans are typically a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MDLZ. Stifel Nicolaus dropped their price target on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, January 24th. DZ Bank cut shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price on the stock. in a report on Friday, February 7th. Barclays decreased their target price 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, February 6th. Citigroup lowered their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, Mizuho lifted their price objective on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.74.

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.