Catalyst Financial Partners LLC Decreases Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Catalyst Financial Partners LLC lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,297 shares of the company’s stock after selling 324 shares during the period. Catalyst Financial Partners LLC’s holdings in Mondelez International were worth $555,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MDLZ. Aries Wealth Management grew its stake in Mondelez International by 15.3% in the 4th quarter. Aries Wealth Management now owns 10,801 shares of the company’s stock valued at $645,000 after buying an additional 1,435 shares in the last quarter. Raab & Moskowitz Asset Management LLC boosted its holdings in Mondelez International by 6.1% in the 4th quarter. Raab & Moskowitz Asset Management LLC now owns 28,491 shares of the company’s stock valued at $1,702,000 after purchasing an additional 1,629 shares during the period. McClarren Financial Advisors Inc. bought a new position in Mondelez International in the 4th quarter valued at $32,000. Naples Global Advisors LLC boosted its holdings in Mondelez International by 9.9% in the 4th quarter. Naples Global Advisors LLC now owns 3,862 shares of the company’s stock valued at $232,000 after purchasing an additional 348 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in shares of Mondelez International by 2,560.0% during the 4th quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock worth $203,749,000 after acquiring an additional 3,282,937 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $61.16 on Friday. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.42. The company’s 50-day moving average is $59.06 and its 200 day moving average is $66.22. The stock has a market capitalization of $81.78 billion, a P/E ratio of 17.88, a P/E/G ratio of 4.04 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. On average, sell-side analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International announced that its board has approved 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 shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors 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 3.07%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s payout ratio is currently 54.97%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MDLZ shares. UBS Group dropped their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Piper Sandler downgraded shares of Mondelez International from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $70.00 to $63.00 in a research note on Friday, January 31st. DZ Bank downgraded shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target for the company. in a research note on Friday, February 7th. Royal Bank of Canada decreased their price objective on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Finally, Dbs Bank cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $69.72.

Mondelez International Profile

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.