Key Financial Inc Has $868,000 Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Key Financial Inc reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,529 shares of the company’s stock after selling 197 shares during the period. Key Financial Inc’s holdings in Mondelez International were worth $868,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Truvestments Capital LLC acquired a new stake in shares of Mondelez International in the 3rd quarter valued at $25,000. Prospera Private Wealth LLC acquired a new stake in shares of Mondelez International in the 3rd quarter valued at $27,000. Richardson Financial Services Inc. increased its stake in shares of Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after buying an additional 200 shares during the period. Hager Investment Management Services LLC acquired a new stake in shares of Mondelez International during the fourth quarter worth $27,000. Finally, Highline Wealth Partners LLC acquired a new stake in shares of Mondelez International during the third quarter worth $38,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $60.82 on Tuesday. The firm has a market cap of $81.33 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 4.04 and a beta of 0.54. The stock’s 50-day moving average is $58.98 and its 200-day moving average is $66.11. Mondelez International, Inc. has a one year low of $53.95 and a one 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.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly 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%. Equities analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.09%. Mondelez International’s dividend payout ratio (DPR) is 54.97%.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Citigroup decreased their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Stifel Nicolaus decreased their price objective on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Dbs Bank cut Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. Wells Fargo & Company decreased their price objective on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Finally, Piper Sandler cut Mondelez International from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $70.00 to $63.00 in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $69.74.

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.