Deltec Asset Management LLC Sells 10,000 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Deltec Asset Management LLC trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 30.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 22,431 shares of the company's stock after selling 10,000 shares during the quarter. Deltec Asset Management LLC's holdings in Mondelez International were worth $1,340,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Truvestments Capital LLC purchased a new stake in shares of Mondelez International during the third quarter valued at approximately $25,000. Prospera Private Wealth LLC purchased a new stake in Mondelez International during the 3rd quarter valued at $27,000. Richardson Financial Services Inc. grew its holdings in Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company's stock worth $28,000 after acquiring an additional 200 shares during the last quarter. Hager Investment Management Services LLC purchased a new position in shares of Mondelez International in the fourth quarter valued at about $27,000. Finally, Highline Wealth Partners LLC purchased a new position in shares of Mondelez International in the third quarter valued at about $38,000. Institutional investors own 78.32% of the company's stock.

Mondelez International Stock Up 2.3 %

MDLZ stock traded up $1.31 on Wednesday, reaching $57.43. 25,658,712 shares of the company traded hands, compared to its average volume of 10,985,652. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company has a market cap of $76.79 billion, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54. The firm has a fifty day simple moving average of $59.76 and a 200-day simple moving average of $66.53. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. Research analysts anticipate that Mondelez International, Inc. will post 3.44 earnings per share for the current year.

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

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.27%. Mondelez International's dividend payout ratio (DPR) is presently 66.67%.

Analyst Ratings Changes

MDLZ has been the topic of several recent analyst reports. The Goldman Sachs Group cut their target price on Mondelez International from $79.00 to $68.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Citigroup cut their price objective on Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Piper Sandler downgraded Mondelez International from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $70.00 to $63.00 in a report on Friday, January 31st. Jefferies Financial Group cut shares of Mondelez International from a "buy" rating to a "hold" rating and cut their price target for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. Finally, Wells Fargo & Company decreased their price objective on shares of Mondelez International from $61.00 to $54.00 and set an "equal weight" rating for the company in a report on Wednesday. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $72.35.

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.