Mondelez International, Inc. (NASDAQ:MDLZ) Stake Decreased by Lindsell Train Ltd

Lindsell Train Ltd lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 17.6% during the fourth quarter, HoldingsChannel reports. The fund owned 8,411,222 shares of the company’s stock after selling 1,799,206 shares during the period. Mondelez International comprises approximately 12.6% of Lindsell Train Ltd’s investment portfolio, making the stock its 3rd biggest holding. Lindsell Train Ltd’s holdings in Mondelez International were worth $502,402,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MDLZ. RFG Advisory LLC lifted its position in shares of Mondelez International by 12.9% during the 4th quarter. RFG Advisory LLC now owns 5,417 shares of the company’s stock valued at $324,000 after acquiring an additional 619 shares during the period. Brighton Jones LLC increased its stake in Mondelez International by 92.4% in the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after purchasing an additional 7,025 shares in the last quarter. Veracity Capital LLC raised its holdings in Mondelez International by 3.2% during the fourth quarter. Veracity Capital LLC now owns 6,594 shares of the company’s stock worth $394,000 after purchasing an additional 206 shares during the last quarter. Red Door Wealth Management LLC boosted its position in Mondelez International by 11.0% during the fourth quarter. Red Door Wealth Management LLC now owns 6,430 shares of the company’s stock worth $384,000 after purchasing an additional 638 shares in the last quarter. Finally, Goldstein Advisors LLC grew its holdings in Mondelez International by 39.8% in the fourth quarter. Goldstein Advisors LLC now owns 4,621 shares of the company’s stock valued at $276,000 after purchasing an additional 1,316 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

MDLZ opened at $56.96 on Friday. Mondelez International, Inc. has a 1 year low of $55.97 and a 1 year high of $77.20. 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 company’s 50 day simple moving average is $61.05 and its 200 day simple moving average is $67.06. The stock has a market capitalization of $76.17 billion, a PE ratio of 20.20, a P/E/G ratio of 2.96 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data 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. The company had revenue of $9.20 billion during 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 period in the previous year, the company earned $0.82 EPS. As a group, sell-side analysts expect that Mondelez International, Inc. will post 3.45 EPS for the current year.

Mondelez International announced that its board has initiated a share buyback program on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to buy up to 10.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Mondelez International Dividend Announcement

The company also recently disclosed 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 3.30%. Mondelez International’s dividend payout ratio (DPR) is 66.67%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Wells Fargo & Company reiterated an “equal weight” rating and issued a $61.00 price objective (down from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. Citigroup reduced their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Bank of America raised their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group reduced their target price on Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, Piper Sandler dropped their price target on Mondelez International from $84.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and a consensus target price of $73.81.

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.