HighPoint Advisor Group LLC Reduces Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

HighPoint Advisor Group LLC cut its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,195 shares of the company’s stock after selling 1,024 shares during the period. HighPoint Advisor Group LLC’s holdings in Mondelez International were worth $2,913,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of MDLZ. Continuum Advisory LLC lifted its position in Mondelez International by 7.4% in the third quarter. Continuum Advisory LLC now owns 2,542 shares of the company’s stock valued at $187,000 after buying an additional 175 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of Mondelez International by 1.8% during the fourth quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company’s stock valued at $627,000 after acquiring an additional 181 shares during the last quarter. Traphagen Investment Advisors LLC raised its stake in shares of Mondelez International by 0.8% in the 4th quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company’s stock valued at $1,411,000 after acquiring an additional 187 shares during the period. Core Alternative Capital lifted its holdings in shares of Mondelez International by 1.7% in the 4th quarter. Core Alternative Capital now owns 11,448 shares of the company’s stock worth $684,000 after acquiring an additional 187 shares during the last quarter. Finally, Waldron Private Wealth LLC boosted its position in shares of Mondelez International by 1.0% during the 4th quarter. Waldron Private Wealth LLC now owns 19,496 shares of the company’s stock worth $1,164,000 after purchasing an additional 191 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Trading Up 0.2 %

NASDAQ:MDLZ opened at $67.85 on Tuesday. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The stock has a market cap of $87.77 billion, a P/E ratio of 19.84, a P/E/G ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The stock has a 50-day simple moving average of $62.45 and a 200-day simple moving average of $64.70.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share 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%. As a group, analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International announced that its Board of Directors has authorized a share repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MDLZ shares. Dbs Bank lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft cut their price objective on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Wednesday, January 22nd. Stifel Nicolaus lowered their target price on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a report on Friday, January 24th. The Goldman Sachs Group cut their price target on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, Piper Sandler increased their price target on shares of Mondelez International from $56.00 to $59.00 and gave the stock a “neutral” rating in a research report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $69.50.

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.