Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Dillon & Associates Inc.

Dillon & Associates Inc. decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 21.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,460 shares of the company's stock after selling 6,562 shares during the quarter. Dillon & Associates Inc.'s holdings in Mondelez International were worth $1,408,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MDLZ. Truvestments Capital LLC bought a new position in Mondelez International during the third quarter worth $25,000. Marshall Investment Management LLC acquired a new stake in Mondelez International during the 4th quarter worth about $26,000. Hager Investment Management Services LLC acquired a new stake in Mondelez International during the 4th quarter worth about $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Mondelez International during the 4th quarter valued at about $31,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Mondelez International during the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Stock Up 0.9 %

Shares of Mondelez International stock opened at $64.51 on Monday. The business's 50 day simple moving average is $61.35 and its 200 day simple moving average is $65.06. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The firm has a market cap 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 has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68.

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Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its 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 net margin of 12.68% and a return on equity of 16.75%. On average, analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

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 paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.91%. Mondelez International's dividend payout ratio is 54.97%.

Mondelez International declared that its board has authorized 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 stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their target price on Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a report on Wednesday, January 22nd. Stifel Nicolaus lowered their price objective on Mondelez International from $82.00 to $70.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Mizuho boosted their price target on Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, February 14th. UBS Group decreased their price target on Mondelez International from $76.00 to $63.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Finally, Piper Sandler lowered Mondelez International from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $70.00 to $63.00 in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, Mondelez International presently has an average rating of "Moderate Buy" and an average 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.

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