Syon Capital LLC Sells 5,614 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Syon Capital LLC cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 35.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,319 shares of the company's stock after selling 5,614 shares during the period. Syon Capital LLC's holdings in Mondelez International were worth $616,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Glass Jacobson Investment Advisors llc lifted its position in shares of Mondelez International by 6.7% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company's stock worth $160,000 after purchasing an additional 168 shares during the period. First Horizon Advisors Inc. lifted its position in shares of Mondelez International by 1.8% during the 4th quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company's stock valued at $627,000 after acquiring an additional 181 shares during the period. Traphagen Investment Advisors LLC lifted its position in shares of Mondelez International by 0.8% during the 4th quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company's stock valued at $1,411,000 after acquiring an additional 187 shares during the period. Core Alternative Capital lifted its position in shares of Mondelez International by 1.7% during the 4th quarter. Core Alternative Capital now owns 11,448 shares of the company's stock valued at $684,000 after acquiring an additional 187 shares during the period. Finally, Waldron Private Wealth LLC lifted its position in shares of Mondelez International by 1.0% during the 4th quarter. Waldron Private Wealth LLC now owns 19,496 shares of the company's stock valued at $1,164,000 after acquiring an additional 191 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ traded down $0.49 during trading on Monday, reaching $65.10. The company had a trading volume of 6,660,776 shares, compared to its average volume of 7,909,424. The company has a fifty day moving average of $65.85 and a two-hundred day moving average of $63.76. The stock has a market capitalization of $84.21 billion, a P/E ratio of 19.04, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results 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%. Equities research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were paid a $0.47 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.89%. Mondelez International's dividend payout ratio (DPR) is currently 54.97%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MDLZ shares. Stifel Nicolaus dropped their target price on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Barclays dropped their target price on shares of Mondelez International from $69.00 to $63.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. Royal Bank of Canada reiterated an "outperform" rating and set a $69.00 target price on shares of Mondelez International in a research report on Monday. Mizuho boosted their price target on shares of Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, February 14th. Finally, Piper Sandler raised their price objective on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research note on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $69.70.

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.