Bradley Foster & Sargent Inc. CT Trims Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Bradley Foster & Sargent Inc. CT reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 33.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 325,948 shares of the company’s stock after selling 166,538 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Mondelez International were worth $19,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Hazlett Burt & Watson Inc. boosted its holdings in Mondelez International by 16.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock worth $78,000 after buying an additional 150 shares during the period. Canopy Partners LLC boosted its stake in shares of Mondelez International by 1.2% in the third quarter. Canopy Partners LLC now owns 13,335 shares of the company’s stock worth $982,000 after acquiring an additional 161 shares during the period. Hardy Reed LLC grew its position in shares of Mondelez International by 1.4% during the third quarter. Hardy Reed LLC now owns 11,511 shares of the company’s stock worth $848,000 after purchasing an additional 161 shares in the last quarter. Interchange Capital Partners LLC raised its stake in Mondelez International by 4.9% during the 3rd quarter. Interchange Capital Partners LLC now owns 3,490 shares of the company’s stock valued at $257,000 after purchasing an additional 163 shares during the period. Finally, Avidian Wealth Enterprises LLC lifted its holdings in Mondelez International by 2.2% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 7,641 shares of the company’s stock worth $563,000 after purchasing an additional 163 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Up 0.4 %

Mondelez International stock opened at $62.17 on Friday. The business has a fifty day moving average price of $58.92 and a 200-day moving average price of $65.94. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The stock has a market capitalization of $80.42 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 4.32 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly 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 EPS for the current fiscal year.

Mondelez International declared that its Board of Directors has initiated a stock buyback program 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 shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Mondelez International Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio is presently 54.97%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MDLZ shares. Piper Sandler lowered shares of Mondelez International from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $70.00 to $63.00 in a report on Friday, January 31st. Barclays reduced their target price on Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and dropped their price target for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Dbs Bank cut Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. Finally, DZ Bank lowered shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective for the company. in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.