Axxcess Wealth Management LLC Sells 6,979 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Axxcess Wealth Management LLC lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 14.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,817 shares of the company's stock after selling 6,979 shares during the quarter. Axxcess Wealth Management LLC's holdings in Mondelez International were worth $2,557,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. ICICI Prudential Asset Management Co Ltd raised its stake in Mondelez International by 430.0% during the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company's stock valued at $5,520,000 after purchasing an additional 74,975 shares during the period. Czech National Bank raised its stake in Mondelez International by 6.5% during the 4th quarter. Czech National Bank now owns 289,931 shares of the company's stock valued at $17,318,000 after purchasing an additional 17,815 shares during the period. Buckingham Capital Management Inc. raised its stake in Mondelez International by 25.5% during the 4th quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock valued at $5,578,000 after purchasing an additional 18,961 shares during the period. Legacy Private Trust Co. raised its stake in Mondelez International by 33.2% during the 4th quarter. Legacy Private Trust Co. now owns 3,841 shares of the company's stock valued at $229,000 after purchasing an additional 957 shares during the period. Finally, Kennedy Investment Group bought a new stake in Mondelez International during the 4th quarter valued at approximately $313,000. Institutional investors own 78.32% of the company's stock.

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Mondelez International Trading Up 0.9 %

Shares of MDLZ stock traded up $0.56 on Friday, reaching $64.51. 25,429,793 shares of the company's stock were exchanged, compared to its average volume of 7,502,705. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $83.45 billion, a PE ratio of 18.86, a P/E/G ratio of 4.34 and a beta of 0.50. The company's fifty day simple moving average is $61.35 and its 200 day simple moving average is $65.18.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued 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 return on equity of 16.75% and a net margin of 12.68%. As a group, analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Monday, March 31st. Mondelez International's dividend payout ratio is currently 54.97%.

Mondelez International announced that its Board of Directors has authorized a share buyback plan on Wednesday, December 11th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms have weighed in on MDLZ. Deutsche Bank Aktiengesellschaft cut their price target on Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a report on Wednesday, January 22nd. Piper Sandler cut Mondelez International from an "overweight" rating to a "neutral" rating and cut their price target for the company from $70.00 to $63.00 in a report on Friday, January 31st. Citigroup cut their price target on Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. UBS Group cut their price target on Mondelez International from $76.00 to $63.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Finally, Royal Bank of Canada cut 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $69.74.

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.