C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Lowers Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors trimmed its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 11.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,552 shares of the company’s stock after selling 866 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Mondelez International were worth $391,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp raised its position in Mondelez International by 3.2% in the third quarter. State Street Corp now owns 60,151,987 shares of the company’s stock valued at $4,459,239,000 after purchasing an additional 1,851,247 shares during the period. Geode Capital Management LLC grew its stake in shares of Mondelez International by 1.2% in the third quarter. Geode Capital Management LLC now owns 28,204,955 shares of the company’s stock valued at $2,069,906,000 after buying an additional 341,203 shares in the last quarter. FMR LLC raised its holdings in shares of Mondelez International by 14.2% in the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after buying an additional 2,268,639 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Mondelez International by 2.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company’s stock worth $1,268,242,000 after acquiring an additional 489,068 shares in the last quarter. Finally, Mizuho Securities USA LLC boosted its holdings in Mondelez International by 12,057.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after acquiring an additional 12,470,573 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Trading Up 1.3 %

Shares of Mondelez International stock opened at $61.96 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The company has a fifty day simple moving average of $58.93 and a 200-day simple moving average of $65.97. The stock has a market cap of $80.14 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 4.24 and a beta of 0.54. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data 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 net margin of 12.68% and a return on equity of 16.75%. On average, equities analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is 54.97%.

Mondelez International declared that its Board of Directors has initiated a share repurchase 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 an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

MDLZ has been the topic of several research reports. The Goldman Sachs Group reduced their price target on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Jefferies Financial Group lowered shares of Mondelez International from a “buy” rating to a “hold” rating and reduced their target price for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. Wells Fargo & Company dropped their price target on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Royal Bank of Canada cut their price objective on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Finally, Piper Sandler lowered Mondelez International from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $70.00 to $63.00 in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target 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.