Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Burney Co.

Burney Co. reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 84.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,648 shares of the company's stock after selling 51,023 shares during the period. Burney Co.'s holdings in Mondelez International were worth $576,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Truvestments Capital LLC purchased a new position in shares of Mondelez International during the 3rd quarter valued at $25,000. Prospera Private Wealth LLC purchased a new stake in shares of Mondelez International during the third quarter worth about $27,000. Richardson Financial Services Inc. raised its stake in 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 position in Mondelez International in the 3rd quarter worth approximately $38,000. Finally, Hara Capital LLC purchased a new stake in Mondelez International during the 3rd quarter valued at approximately $45,000. 78.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MDLZ has been the subject of several research analyst reports. Bank of America raised their target price on shares of Mondelez International from $80.00 to $84.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. The Goldman Sachs Group decreased their target price on Mondelez International from $79.00 to $68.00 and set a "buy" rating on the stock in a research report on Tuesday. Stifel Nicolaus lifted their price objective on Mondelez International from $75.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft lowered shares of Mondelez International from a "buy" rating to a "hold" rating and cut their target price for the company from $78.00 to $67.00 in a report on Thursday, December 12th. Finally, UBS Group lowered their price objective on shares of Mondelez International from $76.00 to $63.00 and set a "neutral" rating for the company in a research report on Thursday. Four 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 currently has an average rating of "Moderate Buy" and a consensus target price of $74.93.

Mondelez International Trading Down 0.2 %

MDLZ traded down $0.14 on Friday, reaching $57.86. 12,663,200 shares of the company traded hands, compared to its average volume of 8,683,674. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The company has a market cap of $77.37 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 2.99 and a beta of 0.54. The firm has a fifty day simple moving average of $61.59 and a two-hundred day simple moving average of $67.24. Mondelez International, Inc. has a one year low of $55.97 and a one year high of $77.20.

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

Mondelez International announced that its Board of Directors has authorized a share repurchase program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback programs are generally a sign 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 issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.25%. The ex-dividend date was Tuesday, December 31st. Mondelez International's payout ratio is 66.67%.

Mondelez International Company 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.