Premier Path Wealth Partners LLC Sells 708 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Premier Path Wealth Partners LLC lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 14.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,107 shares of the company’s stock after selling 708 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Mondelez International were worth $245,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Alhambra Investment Management LLC boosted its holdings in Mondelez International by 18.6% in the fourth quarter. Alhambra Investment Management LLC now owns 6,354 shares of the company’s stock worth $380,000 after purchasing an additional 998 shares in the last quarter. Integrated Investment Consultants LLC acquired a new stake in shares of Mondelez International in the fourth quarter worth about $749,000. Avanza Fonder AB bought a new stake in shares of Mondelez International during the 4th quarter worth about $8,280,000. Tompkins Financial Corp increased its holdings in shares of Mondelez International by 111.9% during the 4th quarter. Tompkins Financial Corp now owns 7,861 shares of the company’s stock valued at $470,000 after acquiring an additional 4,152 shares during the last quarter. Finally, Empirical Asset Management LLC raised its stake in shares of Mondelez International by 130.3% in the 4th quarter. Empirical Asset Management LLC now owns 53,742 shares of the company’s stock valued at $3,210,000 after acquiring an additional 30,410 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on MDLZ. Evercore ISI upped their target price on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Citigroup lowered their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft cut Mondelez International from a “buy” rating to a “hold” rating and cut their price objective for the stock from $78.00 to $67.00 in a research report on Thursday, December 12th. Redburn Atlantic initiated coverage on Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price on the stock. Finally, Piper Sandler cut their price target on Mondelez International from $84.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $74.93.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $57.86 on Monday. The firm has a market capitalization of $77.37 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 2.99 and a beta of 0.54. 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 12-month low of $55.97 and a 12-month high of $77.20. The firm has a 50-day moving average price of $61.59 and a 200 day moving average price of $67.25.

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

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a $0.47 dividend. 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 payout ratio is 66.67%.

Mondelez International declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 11th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership 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.