B. Riley Wealth Advisors Inc. Sells 4,670 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

B. Riley Wealth Advisors Inc. trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 13.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,496 shares of the company’s stock after selling 4,670 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Mondelez International were worth $2,240,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Truvestments Capital LLC bought a new stake in shares of Mondelez International during the 3rd quarter valued at $25,000. Prospera Private Wealth LLC bought a new stake in shares of Mondelez International during the 3rd quarter valued at $27,000. Richardson Financial Services Inc. raised its position in shares of Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Mondelez International during the 2nd quarter valued at $29,000. Finally, Highline Wealth Partners LLC bought a new stake in shares of Mondelez International during the 3rd quarter valued at $38,000. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Wells Fargo & Company cut their target price on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a research note on Thursday, December 5th. Bank of America raised their target price on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Citigroup cut their target price on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Stifel Nicolaus raised their target price on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Mondelez International from a “buy” rating to a “hold” rating and cut their target price for the company from $78.00 to $67.00 in a research note on Thursday. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $79.07.

Mondelez International Price Performance

MDLZ stock opened at $61.93 on Monday. Mondelez International, Inc. has a 12 month low of $60.33 and a 12 month high of $77.20. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average price of $66.99 and a 200 day moving average price of $68.65. The stock has a market cap of $82.81 billion, a PE ratio of 21.96, a P/E/G ratio of 2.85 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. During the same period in the previous year, the company earned $0.82 EPS. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities research analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

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

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.47 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 3.04%. Mondelez International’s payout ratio is 66.67%.

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.