Sanctuary Advisors LLC Sells 44,109 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Sanctuary Advisors LLC cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 13.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 275,710 shares of the company's stock after selling 44,109 shares during the period. Sanctuary Advisors LLC's holdings in Mondelez International were worth $16,104,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Hazlett Burt & Watson Inc. grew its position in shares of Mondelez International by 16.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company's stock worth $78,000 after buying an additional 150 shares during the period. Canopy Partners LLC grew its position in shares of Mondelez International by 1.2% during the 3rd quarter. Canopy Partners LLC now owns 13,335 shares of the company's stock worth $982,000 after buying an additional 161 shares during the period. Hardy Reed LLC grew its position in shares of Mondelez International by 1.4% during 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 during the period. Interchange Capital Partners LLC grew its position in shares of Mondelez International by 4.9% during the 3rd quarter. Interchange Capital Partners LLC now owns 3,490 shares of the company's stock worth $257,000 after buying an additional 163 shares during the period. Finally, Avidian Wealth Enterprises LLC grew its position in shares of Mondelez International by 2.2% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 7,641 shares of the company's stock worth $563,000 after buying an additional 163 shares during the period. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Stock Up 4.1 %

Shares of MDLZ stock traded up $2.53 during trading on Friday, reaching $64.70. The company's stock had a trading volume of 16,289,816 shares, compared to its average volume of 11,136,414. The business has a fifty day moving average price of $58.98 and a 200-day moving average price of $65.91. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The company has a market cap of $83.69 billion, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 4.32 and a beta of 0.54. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International announced that its board has initiated a stock buyback program on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 10.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its stock is undervalued.

Mondelez International Dividend Announcement

The company 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. This represents a $1.88 annualized dividend and a yield of 2.91%. The ex-dividend date is Monday, March 31st. Mondelez International's dividend payout ratio (DPR) is currently 54.97%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MDLZ shares. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research report on Wednesday, January 22nd. Royal Bank of Canada decreased their price objective on shares of Mondelez International from $75.00 to $69.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. The Goldman Sachs Group decreased their price objective on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Barclays decreased their price objective on shares of Mondelez International from $69.00 to $63.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Finally, Citigroup decreased their price objective on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus 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.