Asset Dedication LLC Has $381,000 Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Asset Dedication LLC cut its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,371 shares of the company’s stock after selling 185 shares during the quarter. Asset Dedication LLC’s holdings in Mondelez International were worth $381,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Mondelez International by 5.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 103,824 shares of the company’s stock worth $6,794,000 after acquiring an additional 5,777 shares in the last quarter. EP Wealth Advisors LLC increased its holdings in Mondelez International by 9.0% in the second quarter. EP Wealth Advisors LLC now owns 24,523 shares of the company’s stock worth $1,605,000 after purchasing an additional 2,023 shares in the last quarter. Advisory Alpha LLC lifted its stake in Mondelez International by 17.5% in the second quarter. Advisory Alpha LLC now owns 7,000 shares of the company’s stock valued at $458,000 after buying an additional 1,045 shares during the period. New Century Financial Group LLC bought a new position in shares of Mondelez International during the 2nd quarter worth approximately $267,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mondelez International during the 2nd quarter worth approximately $252,000. Institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MDLZ shares. UBS Group cut their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Jefferies Financial Group downgraded Mondelez International from a “buy” rating to a “hold” rating and reduced their target price for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Bank of America upped their price target on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group reduced their price objective on Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Finally, Piper Sandler lowered 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. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $73.06.

Mondelez International Stock Up 0.4 %

Shares of NASDAQ:MDLZ opened at $57.13 on Thursday. The business has a fifty day moving average price of $60.49 and a two-hundred day moving average price of $66.84. Mondelez International, Inc. has a 1 year low of $55.97 and a 1 year high of $77.20. The company has a market capitalization of $76.39 billion, a PE ratio of 20.26, 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 current ratio of 0.63 and a quick ratio of 0.42.

Mondelez International (NASDAQ:MDLZ) last released its quarterly 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 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 analyst estimates of $9.11 billion. During the same period in the previous year, the business earned $0.82 EPS. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. Analysts forecast that Mondelez International, Inc. will post 3.45 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.29%. Mondelez International’s payout ratio is currently 66.67%.

Mondelez International declared that its board has authorized a stock buyback program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are 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.