Franklin Street Advisors Inc. NC Sells 2,196 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Franklin Street Advisors Inc. NC decreased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 18.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 9,943 shares of the company’s stock after selling 2,196 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in Mondelez International were worth $594,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new position in Mondelez International in the third quarter valued at about $25,000. Prospera Private Wealth LLC bought a new position in Mondelez International in the third quarter valued at approximately $27,000. Richardson Financial Services Inc. increased its position in shares of Mondelez International by 100.0% during 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 acquired a new stake in shares of Mondelez International during the third quarter worth $38,000. Finally, Hara Capital LLC acquired a new position in Mondelez International in the 3rd quarter worth $45,000. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MDLZ shares. Stifel Nicolaus boosted their price target on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Redburn Atlantic began coverage on Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective on the stock. Evercore ISI increased their price target on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Piper Sandler upped their target price on shares of Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Bank of America lifted their price target on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $77.64.

Mondelez International Price Performance

Shares of MDLZ stock traded down $1.48 on Friday, hitting $56.81. 3,669,053 shares of the stock traded hands, compared to its average volume of 7,570,306. The firm has a 50 day simple moving average of $62.83 and a two-hundred day simple moving average of $67.65. Mondelez International, Inc. has a 52 week low of $56.78 and a 52 week high of $77.20. The firm has a market cap of $75.97 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 2.80 and a beta of 0.54. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.85 by $0.14. The business had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.82 EPS. As a group, equities research analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.47 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.31%. Mondelez International’s dividend payout ratio (DPR) is currently 66.67%.

Mondelez International declared that its board has authorized a stock buyback plan on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback plans are often an indication 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.