Wambolt & Associates LLC Lowers Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Wambolt & Associates LLC lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 17.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,686 shares of the company’s stock after selling 7,508 shares during the period. Wambolt & Associates LLC’s holdings in Mondelez International were worth $2,072,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in Mondelez International in the 4th quarter worth about $256,832,000. Van ECK Associates Corp increased its stake in shares of Mondelez International by 2,560.0% in the fourth quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock worth $203,749,000 after purchasing an additional 3,282,937 shares in the last quarter. Ilex Capital Partners UK LLP purchased a new stake in shares of Mondelez International during the 3rd quarter valued at approximately $219,045,000. FMR LLC boosted its holdings in Mondelez International by 14.2% in the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after buying an additional 2,268,639 shares during the period. Finally, Holocene Advisors LP bought a new stake in Mondelez International during the 3rd quarter valued at $159,823,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Trading Up 0.7 %

NASDAQ MDLZ opened at $64.95 on Tuesday. The firm has a market capitalization of $84.01 billion, a PE ratio of 18.99, a P/E/G ratio of 4.34 and a beta of 0.50. The stock’s 50 day moving average is $61.52 and its 200 day moving average is $64.99. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

Mondelez International announced that its board has authorized a share 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 stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on MDLZ shares. Piper Sandler lowered shares of Mondelez International from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $70.00 to $63.00 in a research report on Friday, January 31st. Citigroup decreased 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. Morgan Stanley started coverage on Mondelez International in a research note on Monday. They set an “overweight” rating and a $69.00 price objective for the company. Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and cut their target price for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. Finally, UBS Group lowered 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $69.70.

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.