Thoroughbred Financial Services LLC cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 28.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,630 shares of the company's stock after selling 8,799 shares during the quarter. Thoroughbred Financial Services LLC's holdings in Mondelez International were worth $1,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also bought and sold shares of the stock. Marshall Investment Management LLC purchased a new stake in Mondelez International in the fourth quarter worth $26,000. Hager Investment Management Services LLC bought a new position in Mondelez International in the 4th quarter worth $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Mondelez International during the 4th quarter valued at about $31,000. Sierra Ocean LLC purchased a new position in shares of Mondelez International during the fourth quarter valued at about $32,000. Finally, McClarren Financial Advisors Inc. bought a new position in Mondelez International in the fourth quarter worth about $32,000. 78.32% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the company. Barclays decreased their target price on Mondelez International from $69.00 to $63.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Royal Bank of Canada lowered their price target on shares of Mondelez International from $75.00 to $69.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research note on Wednesday, January 22nd. Piper Sandler raised their price objective on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research report on Wednesday. Finally, Argus lowered shares of Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $70.45.
View Our Latest Stock Analysis on MDLZ
Mondelez International Stock Performance
Shares of NASDAQ:MDLZ traded down $0.77 during midday trading on Thursday, hitting $65.42. The company had a trading volume of 3,997,892 shares, compared to its average volume of 10,887,910. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a fifty day moving average of $63.99 and a two-hundred day moving average of $64.28. The company has a market cap of $84.62 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 4.34 and a beta of 0.47. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. On average, equities research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.
Mondelez International announced that its board has approved a share buyback 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 leadership believes its shares are undervalued.
Mondelez International Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.87%. Mondelez International's payout ratio is 54.97%.
Mondelez International Profile
(
Free Report)
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.
Recommended Stories
Before you consider Mondelez International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mondelez International wasn't on the list.
While Mondelez International currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
