Mondelez International, Inc. (NASDAQ:MDLZ) Stake Cut by Woodmont Investment Counsel LLC

Woodmont Investment Counsel LLC cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.6% in the fourth quarter, HoldingsChannel reports. The fund owned 13,898 shares of the company’s stock after selling 371 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in Mondelez International were worth $830,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Mondelez International by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company’s stock worth $7,910,477,000 after purchasing an additional 931,776 shares during the period. LPL Financial LLC lifted its position in Mondelez International by 6.4% in the 4th quarter. LPL Financial LLC now owns 1,521,753 shares of the company’s stock worth $90,894,000 after buying an additional 91,361 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Mondelez International in the 4th quarter worth approximately $30,919,000. AXQ Capital LP boosted its stake in shares of Mondelez International by 200.2% during the 4th quarter. AXQ Capital LP now owns 27,004 shares of the company’s stock valued at $1,613,000 after buying an additional 18,010 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of Mondelez International by 0.3% during the 4th quarter. American Century Companies Inc. now owns 6,323,554 shares of the company’s stock valued at $377,706,000 after acquiring an additional 21,473 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on MDLZ. Wells Fargo & Company reduced their price objective on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Royal Bank of Canada reduced their price target on Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Piper Sandler cut Mondelez International from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $70.00 to $63.00 in a research note on Friday, January 31st. Stifel Nicolaus cut their price objective on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Finally, Mizuho boosted their target price on shares of Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $69.70.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $64.95 on Tuesday. The company has a market cap of $84.01 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 4.34 and a beta of 0.50. The business has a 50 day moving average price of $61.52 and a 200 day moving average price of $64.99. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06.

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

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

Mondelez International Announces Dividend

The business 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 dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.89%. Mondelez International’s 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.