Wendell David Associates Inc. Cuts Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Wendell David Associates Inc. trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,047 shares of the company’s stock after selling 200 shares during the period. Wendell David Associates Inc.’s holdings in Mondelez International were worth $421,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MDLZ. Axiom Advisory LLC grew its position in Mondelez International by 1.6% during the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after buying an additional 143 shares during the period. Hazlett Burt & Watson Inc. grew its holdings in shares of Mondelez International by 16.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock worth $78,000 after acquiring an additional 150 shares during the period. Carnegie Investment Counsel increased its stake in Mondelez International by 1.4% in the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock valued at $811,000 after purchasing an additional 151 shares in the last quarter. SeaCrest Wealth Management LLC boosted its position in Mondelez International by 1.3% during the third quarter. SeaCrest Wealth Management LLC now owns 12,130 shares of the company’s stock worth $894,000 after purchasing an additional 156 shares in the last quarter. Finally, Quent Capital LLC grew its holdings in Mondelez International by 5.5% in the third quarter. Quent Capital LLC now owns 3,047 shares of the company’s stock valued at $225,000 after purchasing an additional 160 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Performance

Mondelez International stock opened at $56.31 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. Mondelez International, Inc. has a 12 month low of $55.97 and a 12 month high of $77.20. The company has a market cap of $75.30 billion, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54. The stock’s 50-day moving average is $61.25 and its 200-day moving average is $67.13.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.14. The company had revenue of $9.20 billion during 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 business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 earnings per share. Equities analysts anticipate that Mondelez International, Inc. will post 3.46 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

Mondelez International announced that its board has initiated a stock buyback program on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to buy up to 10.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Evercore ISI lifted their price target on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. UBS Group cut their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Piper Sandler reduced their target price on shares of Mondelez International from $84.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a report on Wednesday. Finally, Stifel Nicolaus upped their price objective 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. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and an average target price of $73.81.

Mondelez International Company 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.