Resonant Capital Advisors LLC Lowers Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Resonant Capital Advisors LLC trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,801 shares of the company’s stock after selling 437 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Mondelez International were worth $470,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of MDLZ. Truvestments Capital LLC acquired a new stake in Mondelez International during the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC purchased a new stake in Mondelez International during the third quarter worth approximately $27,000. Richardson Financial Services Inc. increased its position in shares of Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after acquiring an additional 200 shares in the last quarter. Highline Wealth Partners LLC purchased a new position in shares of Mondelez International in the 3rd quarter valued at $38,000. Finally, Hara Capital LLC acquired a new position in shares of Mondelez International during the 3rd quarter valued at $45,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $57.41 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The firm has a market cap of $76.77 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54. Mondelez International, Inc. has a 1 year low of $55.97 and a 1 year high of $76.69. The firm’s 50-day simple moving average is $60.09 and its 200-day simple moving average is $66.67.

Mondelez International announced that its board has authorized a stock 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 buy up to 10.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.27%. Mondelez International’s dividend payout ratio (DPR) is 66.67%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MDLZ shares. Deutsche Bank Aktiengesellschaft lowered their price target on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a report on Wednesday, January 22nd. Piper Sandler lowered Mondelez International from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $70.00 to $63.00 in a research note on Friday. UBS Group reduced 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. Stifel Nicolaus lowered their price objective on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Finally, Citigroup dropped their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.76.

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.