Nisa Investment Advisors LLC Decreases Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Nisa Investment Advisors LLC reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 515,439 shares of the company’s stock after selling 9,615 shares during the period. Nisa Investment Advisors LLC’s holdings in Mondelez International were worth $31,029,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Truvestments Capital LLC bought a new stake in shares of Mondelez International in the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC bought a new stake in shares of Mondelez International in the 3rd quarter worth approximately $27,000. Richardson Financial Services Inc. grew its position in shares of Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares during the last quarter. Highline Wealth Partners LLC bought a new stake in shares of Mondelez International in the 3rd quarter worth approximately $38,000. Finally, Hara Capital LLC bought a new stake in shares of Mondelez International in the 3rd quarter worth approximately $45,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MDLZ has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday. Piper Sandler dropped their price target 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. UBS Group dropped their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. 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 report on Tuesday. Finally, Redburn Atlantic began coverage on Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target on the stock. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $73.81.

Mondelez International Stock Down 2.2 %

Shares of NASDAQ:MDLZ opened at $56.31 on Thursday. The stock has a fifty day simple moving average of $61.25 and a two-hundred day simple moving average of $67.13. The stock has a market capitalization of $75.30 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 3.12 and a beta of 0.54. Mondelez International, Inc. has a 12-month low of $55.97 and a 12-month high of $77.20. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter in the previous year, the business earned $0.82 earnings per share. The company’s revenue was up 1.9% on a year-over-year basis. On average, research analysts anticipate that Mondelez International, Inc. will post 3.47 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.34%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio is presently 66.67%.

Mondelez International declared that its board has authorized a share repurchase program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership 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.