Schechter Investment Advisors LLC Sells 2,202 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Schechter Investment Advisors LLC cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 24.9% in the 4th quarter, HoldingsChannel reports. The firm owned 6,634 shares of the company’s stock after selling 2,202 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Mondelez International were worth $396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in MDLZ. Catalyst Capital Advisors LLC grew its position in shares of Mondelez International by 174.0% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 3,568 shares of the company’s stock valued at $263,000 after acquiring an additional 2,266 shares during the period. Avidian Wealth Enterprises LLC lifted its stake in Mondelez International by 2.2% in the third quarter. Avidian Wealth Enterprises LLC now owns 7,641 shares of the company’s stock valued at $563,000 after purchasing an additional 163 shares during the last quarter. Leslie Global Wealth LLC bought a new position in Mondelez International during the third quarter valued at $254,000. Radnor Capital Management LLC purchased a new stake in Mondelez International in the third quarter worth $1,186,000. Finally, Benchmark Financial Wealth Advisors LLC bought a new stake in shares of Mondelez International in the third quarter valued at $231,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $66.30 on Thursday. 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. The stock has a market cap of $85.76 billion, a P/E ratio of 19.39, a PEG ratio of 4.34 and a beta of 0.50. The business’s 50-day moving average price is $59.77 and its two-hundred day moving average price is $65.61.

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

Mondelez International announced that its board has authorized a share buyback plan on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be given a $0.47 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.84%. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Analyst Ratings Changes

MDLZ has been the subject of several research reports. DZ Bank downgraded 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. Piper Sandler lowered shares of Mondelez International from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $70.00 to $63.00 in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. Barclays dropped their price target on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Finally, Argus lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.74.

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.