Beacon Capital Management LLC Lowers Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Beacon Capital Management LLC cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 31.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 966 shares of the company’s stock after selling 447 shares during the period. Beacon Capital Management LLC’s holdings in Mondelez International were worth $58,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Czech National Bank lifted its holdings in Mondelez International by 6.5% in the 4th quarter. Czech National Bank now owns 289,931 shares of the company’s stock worth $17,318,000 after purchasing an additional 17,815 shares in the last quarter. Legacy Private Trust Co. raised its holdings in shares of Mondelez International by 33.2% during the 4th quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock worth $229,000 after acquiring an additional 957 shares in the last quarter. Kennedy Investment Group purchased a new stake in shares of Mondelez International during the 4th quarter worth approximately $313,000. Benjamin Edwards Inc. raised its holdings in shares of Mondelez International by 1,904.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company’s stock worth $31,369,000 after acquiring an additional 404,567 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its holdings in shares of Mondelez International by 14.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock worth $8,430,000 after acquiring an additional 14,278 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on MDLZ. Royal Bank of Canada decreased their price objective on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Wells Fargo & Company decreased their price objective on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Dbs Bank cut Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. DZ Bank downgraded Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price on the stock. in a research report on Friday, February 7th. Finally, Piper Sandler downgraded Mondelez International from an “overweight” rating to a “neutral” rating and cut their target price for the company from $70.00 to $63.00 in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $69.74.

Mondelez International Price Performance

Shares of MDLZ stock opened at $60.82 on Monday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The stock has a market capitalization of $81.33 billion, a price-to-earnings ratio of 17.78, a P/E/G ratio of 4.04 and a beta of 0.54. The stock has a fifty day simple moving average of $58.98 and a two-hundred day simple moving average of $66.13. The company has a current ratio of 0.68, a quick ratio of 0.42 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. On average, analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International announced that its Board of Directors has authorized a stock buyback program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio is 54.97%.

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.