Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Stonegate Investment Group LLC

Stonegate Investment Group LLC decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 13.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,478 shares of the company’s stock after selling 862 shares during the period. Stonegate Investment Group LLC’s holdings in Mondelez International were worth $327,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Mizuho Securities USA LLC grew its stake in Mondelez International by 12,057.4% in 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 last quarter. Ilex Capital Partners UK LLP purchased a new stake in shares of Mondelez International in the third quarter valued at about $219,045,000. FMR LLC lifted its holdings in shares of Mondelez International by 14.2% in the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after purchasing an additional 2,268,639 shares in the last quarter. Holocene Advisors LP acquired a new stake in shares of Mondelez International in the third quarter valued at approximately $159,823,000. Finally, National Bank of Canada FI increased its stake in shares of Mondelez International by 173.7% during the 3rd quarter. National Bank of Canada FI now owns 3,049,440 shares of the company’s stock worth $224,652,000 after purchasing an additional 1,935,356 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group reduced their target price on Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Piper Sandler reduced their price objective on Mondelez International from $84.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Stifel Nicolaus dropped their price objective on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, January 24th. UBS Group reduced their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, Redburn Atlantic started coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $73.06.

Mondelez International Trading Down 2.4 %

Shares of MDLZ stock opened at $56.91 on Wednesday. Mondelez International, Inc. has a fifty-two week low of $55.97 and a fifty-two week high of $77.20. The firm’s 50 day moving average price is $60.63 and its two-hundred day moving average price is $66.90. The stock has a market cap of $76.10 billion, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 2.96 and a beta of 0.54. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. During the same period in the prior year, the company earned $0.82 EPS. The firm’s revenue was up 1.9% on a year-over-year basis. On average, analysts anticipate that Mondelez International, Inc. will post 3.45 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s payout ratio is 66.67%.

Mondelez International declared that its board has approved a stock repurchase program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

About Mondelez International

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.