Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 11.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 68,916 shares of the company’s stock after selling 9,349 shares during the quarter. NewEdge Wealth LLC’s holdings in Mondelez International were worth $4,116,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Truvestments Capital LLC acquired a new position in Mondelez International in the third quarter valued at about $25,000. Marshall Investment Management LLC acquired a new position in Mondelez International in the fourth quarter valued at about $26,000. Prospera Private Wealth LLC acquired a new position in Mondelez International in the third quarter valued at about $27,000. Hager Investment Management Services LLC purchased a new stake in Mondelez International during the fourth quarter worth about $27,000. Finally, McClarren Financial Advisors Inc. purchased a new stake in Mondelez International during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on MDLZ. Deutsche Bank Aktiengesellschaft cut their price target on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. Jefferies Financial Group lowered shares of Mondelez International from a “buy” rating to a “hold” rating and cut their price target for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. Argus lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. The Goldman Sachs Group cut their price target on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, Royal Bank of Canada cut their price target on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $69.74.

Mondelez International Stock Performance

Shares of MDLZ opened at $63.98 on Friday. The stock has a 50 day moving average price of $59.31 and a 200 day moving average price of $65.78. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $82.76 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06.

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

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders 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 2.94%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is currently 54.97%.

Mondelez International announced that its board has authorized a stock buyback plan 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 shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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.