Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 15.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,090 shares of the company's stock after selling 25,871 shares during the period. Congress Wealth Management LLC DE's holdings in Mondelez International were worth $8,248,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Hardy Reed LLC lifted its holdings in Mondelez International by 1.4% in the 3rd quarter. Hardy Reed LLC now owns 11,511 shares of the company's stock worth $848,000 after buying an additional 161 shares in the last quarter. Continuum Advisory LLC grew its stake in Mondelez International by 7.4% during the 3rd quarter. Continuum Advisory LLC now owns 2,542 shares of the company's stock valued at $187,000 after purchasing an additional 175 shares in the last quarter. First Horizon Advisors Inc. raised its position in shares of Mondelez International by 1.8% in the 4th quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company's stock valued at $627,000 after purchasing an additional 181 shares in the last quarter. Traphagen Investment Advisors LLC grew its position in shares of Mondelez International by 0.8% during the fourth quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company's stock worth $1,411,000 after buying an additional 187 shares in the last quarter. Finally, Core Alternative Capital increased its stake in shares of Mondelez International by 1.7% in the fourth quarter. Core Alternative Capital now owns 11,448 shares of the company's stock worth $684,000 after buying an additional 187 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

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Mondelez International Stock Performance

Shares of NASDAQ MDLZ traded up $0.22 during midday trading on Friday, hitting $67.72. 11,564,303 shares of the company's stock were exchanged, compared to its average volume of 7,922,538. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The firm has a market cap of $87.60 billion, a P/E ratio of 19.80, a PEG ratio of 4.34 and a beta of 0.50. The stock's 50 day moving average price is $62.25 and its 200-day moving average price is $64.75.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) 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%. Equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International declared that its board has initiated a stock repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.78%. Mondelez International's dividend payout ratio (DPR) is 54.97%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MDLZ. The Goldman Sachs Group dropped their target price on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Citigroup lowered their price objective on Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. Jefferies Financial Group downgraded Mondelez International from a "buy" rating to a "hold" rating and reduced their target price for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. Dbs Bank lowered Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. Finally, UBS Group dropped their price target on Mondelez International from $76.00 to $63.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $69.50.

About Mondelez International

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.