Regent Peak Wealth Advisors LLC Sells 294 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Regent Peak Wealth Advisors LLC cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 7.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,412 shares of the company’s stock after selling 294 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in Mondelez International were worth $204,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of MDLZ. Mizuho Securities USA LLC increased its position in shares of Mondelez International by 12,057.4% during the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after acquiring an additional 12,470,573 shares in the last quarter. Ilex Capital Partners UK LLP acquired a new position in Mondelez International in the 3rd quarter worth $219,045,000. FMR LLC increased its holdings in Mondelez International by 14.2% during the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $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 3rd quarter valued at about $159,823,000. Finally, National Bank of Canada FI lifted its holdings in shares of Mondelez International by 173.7% in the third quarter. National Bank of Canada FI now owns 3,049,440 shares of the company’s stock valued at $224,652,000 after purchasing an additional 1,935,356 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Piper Sandler decreased their price objective on Mondelez International from $84.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Bank of America boosted their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $61.00 target price (down previously from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. Citigroup cut their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group decreased their price objective on Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and a consensus price target of $74.93.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $57.86 on Tuesday. 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 $77.37 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54. The company has a 50 day moving average of $61.59 and a 200-day moving average of $67.26. Mondelez International, Inc. has a 1-year low of $55.97 and a 1-year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating 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 company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same quarter last year, the company posted $0.82 EPS. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities research analysts forecast 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. Investors of record on Tuesday, December 31st were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.25%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

Mondelez International announced that its Board of Directors has authorized a share repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors 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.