Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Allen Capital Group LLC

Allen Capital Group LLC lessened its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 10.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,736 shares of the company’s stock after selling 426 shares during the quarter. Allen Capital Group LLC’s holdings in Mondelez International were worth $223,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Truvestments Capital LLC acquired a new position in shares of Mondelez International in the 3rd quarter valued at $25,000. Prospera Private Wealth LLC acquired a new position in Mondelez International in the third quarter valued at about $27,000. Richardson Financial Services Inc. boosted its stake in 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 buying an additional 200 shares during the period. Highline Wealth Partners LLC acquired a new stake in shares of Mondelez International during the third quarter valued at about $38,000. Finally, Albion Financial Group UT acquired a new position in shares of Mondelez International in the 4th quarter worth approximately $38,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Piper Sandler cut their target price 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. Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and decreased their target price for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a report on Wednesday, January 22nd. UBS Group dropped their price target on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Citigroup reduced their price objective on 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 given a buy rating to the company’s stock. Based on data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average target price of $73.06.

Mondelez International Trading Up 0.4 %

MDLZ opened at $57.13 on Thursday. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 52 week low of $55.97 and a 52 week high of $77.20. The business’s 50 day moving average is $60.49 and its two-hundred day moving average is $66.84. The firm has a market cap of $76.39 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 2.96 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. Mondelez International’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, research analysts predict that Mondelez International, Inc. will post 3.45 EPS for the current year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.29%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio is presently 66.67%.

Mondelez International announced that its board has approved a stock buyback program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are 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.