Wulff Hansen & CO. Trims Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Wulff Hansen & CO. trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,905 shares of the company’s stock after selling 360 shares during the period. Mondelez International comprises about 1.3% of Wulff Hansen & CO.’s investment portfolio, making the stock its 23rd largest position. Wulff Hansen & CO.’s holdings in Mondelez International were worth $1,428,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. United Bank lifted its holdings in shares of Mondelez International by 12.7% during the 3rd quarter. United Bank now owns 22,649 shares of the company’s stock worth $1,669,000 after acquiring an additional 2,549 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Mondelez International by 13.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 197,964 shares of the company’s stock worth $14,584,000 after acquiring an additional 23,497 shares during the period. Drive Wealth Management LLC lifted its holdings in shares of Mondelez International by 9.4% during the 3rd quarter. Drive Wealth Management LLC now owns 5,953 shares of the company’s stock worth $441,000 after acquiring an additional 513 shares during the period. Baron Wealth Management LLC purchased a new position in shares of Mondelez International during the 3rd quarter worth about $212,000. Finally, Aviance Capital Partners LLC purchased a new position in shares of Mondelez International during the 3rd quarter worth about $203,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MDLZ. The Goldman Sachs Group cut their price objective on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Piper Sandler lowered shares of Mondelez International from an “overweight” rating to a “neutral” rating and cut their price target for the company from $70.00 to $63.00 in a report on Friday, January 31st. UBS Group cut their price target on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Wednesday, January 22nd. Finally, Dbs Bank lowered shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.74.

Mondelez International Stock Down 0.7 %

MDLZ stock opened at $64.65 on Wednesday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $83.63 billion, a P/E ratio of 18.90, a PEG ratio of 4.34 and a beta of 0.50. The firm has a 50 day simple moving average of $60.95 and a 200-day simple moving average of $65.25.

Mondelez International (NASDAQ:MDLZ) last released its quarterly 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 return on equity of 16.75% and a net margin of 12.68%. On average, equities research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio is presently 54.97%.

Mondelez International declared that its board has approved a share repurchase program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

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.