River Street Advisors LLC Sells 2,204 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

River Street Advisors LLC trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 32.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,500 shares of the company’s stock after selling 2,204 shares during the period. River Street Advisors LLC’s holdings in Mondelez International were worth $269,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Truvestments Capital LLC acquired a new position in Mondelez International during the 3rd quarter worth about $25,000. Prospera Private Wealth LLC acquired a new position in shares of Mondelez International in the third quarter worth approximately $27,000. Richardson Financial Services Inc. increased its position in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares during the period. Highline Wealth Partners LLC bought a new position in Mondelez International during the 3rd quarter worth approximately $38,000. Finally, Albion Financial Group UT bought a new stake in shares of Mondelez International in the 4th quarter valued at $38,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

MDLZ opened at $57.99 on Friday. The company’s 50 day moving average is $60.09 and its 200 day moving average is $66.67. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The company has a market cap of $77.54 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 3.05 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.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio is presently 66.67%.

Mondelez International announced that its board has approved a share repurchase program on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts have weighed in on MDLZ shares. Jefferies Financial Group downgraded Mondelez International from a “buy” rating to a “hold” rating and decreased their price target for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. Wells Fargo & Company reiterated an “equal weight” rating and issued a $61.00 target price (down from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. UBS Group cut their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. The Goldman Sachs Group reduced their price objective on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, Bank of America lifted their price target on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $72.76.

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.