Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Fiduciary Alliance LLC

Fiduciary Alliance LLC decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 23.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,054 shares of the company's stock after selling 32,182 shares during the period. Fiduciary Alliance LLC's holdings in Mondelez International were worth $6,335,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Truvestments Capital LLC bought a new stake in shares of Mondelez International in the third quarter worth $25,000. Prospera Private Wealth LLC purchased a new position in Mondelez International in the third quarter worth about $27,000. Richardson Financial Services Inc. grew its stake in shares of Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company's stock valued at $28,000 after purchasing an additional 200 shares during the period. Highline Wealth Partners LLC purchased a new stake in shares of Mondelez International during the 3rd quarter valued at about $38,000. Finally, Hara Capital LLC purchased a new stake in shares of Mondelez International during the 3rd quarter valued at about $45,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Performance

MDLZ stock traded down $0.08 during trading on Monday, reaching $56.17. The company had a trading volume of 17,171,984 shares, compared to its average volume of 10,134,728. The firm has a 50-day simple moving average of $62.34 and a 200-day simple moving average of $67.50. The company has a market cap of $75.11 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 2.80 and a beta of 0.54. Mondelez International, Inc. has a twelve month low of $55.97 and a twelve month high of $77.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.14. The firm had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm's revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.82 EPS. As a group, sell-side analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

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

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.35%. Mondelez International's dividend payout ratio (DPR) is presently 66.67%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Evercore ISI boosted their target price on shares of Mondelez International from $79.00 to $85.00 and gave the company an "outperform" rating in a research report on Thursday, September 26th. Stifel Nicolaus boosted their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft cut Mondelez International from a "buy" rating to a "hold" rating and decreased their target price for the stock from $78.00 to $67.00 in a report on Thursday, December 12th. Wells Fargo & Company reissued an "equal weight" rating and set a $61.00 price target (down previously from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. Finally, Piper Sandler raised their price objective on Mondelez International from $74.00 to $84.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $77.64.

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.