Steph & Co. Has $67,000 Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Steph & Co. lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 14.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,130 shares of the company’s stock after selling 189 shares during the period. Steph & Co.’s holdings in Mondelez International were worth $67,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Truvestments Capital LLC acquired a new position in Mondelez International during the 3rd quarter valued at about $25,000. Prospera Private Wealth LLC bought a new stake in shares of Mondelez International during the third quarter worth approximately $27,000. Richardson Financial Services Inc. lifted its holdings in Mondelez International by 100.0% in the third 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. Highline Wealth Partners LLC bought a new position in Mondelez International in the third quarter valued at approximately $38,000. Finally, Hara Capital LLC acquired a new stake in Mondelez International during the 3rd quarter worth $45,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of MDLZ opened at $58.00 on Friday. The company has a 50 day moving average of $61.91 and a 200-day moving average of $67.36. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $77.56 billion, a P/E ratio of 20.57, a P/E/G ratio of 2.99 and a beta of 0.54. Mondelez International, Inc. has a twelve month low of $55.97 and a twelve month high of $77.20.

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

Mondelez International announced that its board has approved a stock repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.24%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is 66.67%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MDLZ. Redburn Atlantic started coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target on the stock. Citigroup cut their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Bank of America upped their price target on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Wells Fargo & Company reissued an “equal weight” rating and set a $61.00 price objective (down previously from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. Finally, Piper Sandler lowered their target price on shares of Mondelez International from $84.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $74.93.

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.