Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 7.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,715 shares of the company’s stock after selling 3,575 shares during the period. YHB Investment Advisors Inc.’s holdings in Mondelez International were worth $2,551,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Mizuho Securities USA LLC raised its holdings in Mondelez International by 12,057.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after acquiring an additional 12,470,573 shares during the last quarter. Ilex Capital Partners UK LLP acquired a new position in shares of Mondelez International in the 3rd quarter valued at about $219,045,000. FMR LLC grew its stake in Mondelez International by 14.2% during the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after buying an additional 2,268,639 shares during the period. Holocene Advisors LP purchased a new stake in Mondelez International during the 3rd quarter worth $159,823,000. Finally, National Bank of Canada FI grew its stake in shares of Mondelez International by 173.7% in the third quarter. National Bank of Canada FI now owns 3,049,440 shares of the company’s stock valued at $224,652,000 after buying an additional 1,935,356 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Piper Sandler cut their target price on Mondelez International from $84.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. UBS Group reduced their price target on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Stifel Nicolaus decreased their price objective on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a report on Friday. Redburn Atlantic started coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price on the stock. Finally, Bank of America boosted their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and a consensus target price of $73.06.

Mondelez International Stock Up 1.6 %

Shares of NASDAQ MDLZ opened at $58.32 on Tuesday. Mondelez International, Inc. has a 52-week low of $55.97 and a 52-week high of $77.20. The company’s 50 day moving average price is $60.74 and its 200-day moving average price is $66.95. The company has a market capitalization of $77.98 billion, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 2.96 and a beta of 0.54. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. During the same period in the previous year, the company posted $0.82 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. Equities analysts forecast that Mondelez International, Inc. will post 3.45 earnings per share for the current year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.22%. Mondelez International’s payout ratio is 66.67%.

Mondelez International announced that its board has initiated a share repurchase program 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 programs are usually a sign that the company’s board believes its stock is undervalued.

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.