Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Moody Lynn & Lieberson LLC

Moody Lynn & Lieberson LLC trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 36.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 78,574 shares of the company’s stock after selling 45,227 shares during the period. Moody Lynn & Lieberson LLC’s holdings in Mondelez International were worth $4,693,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of MDLZ. Czech National Bank grew its stake in Mondelez International by 6.5% during the 4th quarter. Czech National Bank now owns 289,931 shares of the company’s stock valued at $17,318,000 after acquiring an additional 17,815 shares in the last quarter. Legacy Private Trust Co. increased its holdings in shares of Mondelez International by 33.2% in the fourth quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock valued at $229,000 after purchasing an additional 957 shares during the last quarter. Benjamin Edwards Inc. lifted its position in Mondelez International by 1,904.9% during the third quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company’s stock worth $31,369,000 after buying an additional 404,567 shares in the last quarter. Kingsview Wealth Management LLC boosted its stake in Mondelez International by 14.3% during the third quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock worth $8,430,000 after buying an additional 14,278 shares during the last quarter. Finally, Miracle Mile Advisors LLC grew its holdings in Mondelez International by 374.9% in the 4th quarter. Miracle Mile Advisors LLC now owns 22,124 shares of the company’s stock valued at $1,321,000 after buying an additional 17,465 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Bank of America boosted their price target on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft dropped 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 note on Wednesday. Piper Sandler reduced their price target on shares of Mondelez International from $84.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $61.00 price objective (down from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group reduced 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, January 14th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average price target of $73.06.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $57.42 on Friday. The firm has a 50 day moving average of $60.74 and a two-hundred day moving average of $66.93. The stock has a market capitalization of $76.78 billion, a PE ratio of 20.36, a P/E/G ratio of 2.96 and a beta of 0.54. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 52 week low of $55.97 and a 52 week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.14. The company had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. Mondelez International’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.82 EPS. On average, research analysts predict that Mondelez International, Inc. will post 3.45 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 3.27%. Mondelez International’s dividend payout ratio is currently 66.67%.

Mondelez International announced that its Board of Directors has authorized a share buyback plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

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.